Hyundai Glovis Refuses to Use US-Registered Vessels

South Korean logistics company Hyundai Glovis, a unit of auto giant Hyundai Motor Group, has rejected the proposals offered by the US government to use US-registered vessels, The Korea Herald cited undisclosed company sources.

Namely, US officials paid a visit to the country with an aim to discuss marine policies with South Korea’s Ministry of Oceans and Fisheries (MOF).

The representatives of Hyundai Glovis were present at a meeting held between the officials, where they were asked to use US vessels.

The reasons behind the request was that these vessels often set sail on a return trip empty after unloading their cargo in South Korea.

However, the US officials were once again turned down, as Hyundai Glovis said that using US-registered vessels would mean paying extra costs, according to The Korea Herald.

The company has been offered the same proposal a number of times from last year.

Hyundai Glovis, which currently operates 66 ships to export vehicles globally, has shipped around 200,000 cars to the US last year, a 31 percent share of a total of 640,000 units exported to the nation.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 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

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

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 >