Hyundai Glovis Eyes 4 Vehicle Carriers, Signs New Contracts

Seoul-based logistics company Hyundai Glovis, part of the Hyundai Kia Automotive Group, plans to buy four vehicle carriers for around KRW 335 billion (USD 296 million). 

The four new vessels are expected to join Hyundai Glovis’ fleet by December 27, 2017, the company said in a stock filing.

Hyundai Glovis also signed two two-year contracts to transport Hyundai and Kia vehicles to the Americas, Europe, the Middle East and other Asian countries.

The shipping contracts Hyundai Glovis signed with Hyundai Motor Co. and Kia Motors Corp. on October 27 are scheduled to start on January 1, 2016, and end on December 31, 2017.

The value of the contract signed with Hyundai Motor Co. is KRW 738.8 billion (USD 653.7 million).

The contract with Kia Motors Corp. is valued at KRW 633.8 billion (USD 560.7 million).

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >