Eukor Signs New 4-Year Car Shipping Contract with Hyundai

South Korean shipping firm Eukor Car Carriers has agreed with Hyundai Motor Group to carry Hyundai and KIA vehicle exports from Korea for further four years.

The new period commences from January 2016, through to December 31, 2019, with volume portion adjusting from 50% in the first two-year period, to 40%
of the exports in the second two-year period. Details of the contract are still be to be finalized.

In 2014, the Seoul-based Eukor transported approximately 4.6 million units of which 1.7 million where on behalf of Hyundai and Kia.

Hyundai Motor and Kia Motors hold a 20% stake in Eukor, with the Norwegian shipping company Wilh.Wilhelmsen and Swedish shipping group Wallenius Lines controlling 40% of the company’s shares each.

The value of the new contract has not been disclosed.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
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 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >