Search results for: Hyundai Glovis

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  • 28 October 2015
    Business & Finance

    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 […]

  • 28 October 2015
    Business & Finance

    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 […]

  • 17 June 2016
    Business & Finance

    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). […]

  • 29 April 2019
    Vessels

    Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business has entered into a sale-charter back transaction with Hyundai Glovis for the vessels Flex Endeavour and Flex Enterprise.

  • 28 June 2017
    Business & Finance

    Cargo operations at the Port of Philadelphia’s pier 122 have been inaugurated with the arrival of M/V Glovis Comet, a pure car truck carrier (PCTC). The 6,460 CEU Glovis Comet was the first vessel to call the pier in twenty years, with the port now having a “vital” second berth for the importation and exportation of automobiles and […]

  • 8 December 2017
    Business & Finance

    Hyundai Glovis has signed a 10-year crude oil shipping contract with compatriot oil refiner GS Caltex.

  • 3 July 2020
    Business & Finance

    South Korean Hyundai Glovis has signed a five-year contract with Europe’s largest automaker Volkswagen Group for the sea transport of the entire volume of finished cars exported from Europe to China. The deal was signed with Volkswagen Konzernlogistik, a logistics subsidiary of Volkswagen Group, and covers three firm years plus two more optional years. Under […]

  • 3 January 2018
    Business & Finance

    Hyundai Glovis has won two contracts for shipping finished vehicles built by Hyundai Motor Co. and Kia Motors Corp.

  • 5 October 2015
    Business & Finance

    South Korea’s Hyundai Glovis Co. has signed a USD 500 million contract of affreightment (COA) with Qatar Primary Materials Company (QPMC) to transport 50 million tons of construction materials from the United Arab Emirates and Oman to Qatar, according to Yonhap News Agency. The COA will come into effect in January 2016, and will run until […]

  • 5 October 2015
    Business & Finance

    South Korea’s Hyundai Glovis Co. has signed a USD 500 million contract of affreightment (COA) with Qatar Primary Materials Company (QPMC) to transport 50 million tons of construction materials from the United Arab Emirates and Oman to Qatar, according to Yonhap News Agency. The COA will come into effect in January 2016, and will run until […]

  • 5 February 2019
    Business & Finance

    The European Commission approves Stena Rederi-Glovis Europe joint venture.

  • 12 May 2014
    Business & Finance

    South Korean shipper Hyundai Glovis is continuing with its annual fleet renewal program with the latest order for four new car carriers. The company, a subsidiary of Hyundai Motor Group, will spend approx. $298 million on the vessels to be built at an unnamed yard. According to Glovis’ regulatory filing to the Korea Stock Exchange, […]

  • 29 April 2019
    Business & Finance

    The vessels in question are the Flex Endeavour and Flex Enterprise.

  • 7 October 2014
    Business & Finance

    Seven South Korean shipping companies have teamed up with local shipbuilders in the race for construction of six Korea Gas Corporation’s (Kogas) LNG carriers, the world’s largest LNG buyer Kogas said. As the ships need to be indigenously-built and run, only local companies are eligible to bid for the deal. As explained by Kogas official, […]

  • 22 June 2017

    Florida’s Port Canaveral welcomed Glovis Caravel, a huge roll-on/roll-off vessel, for the first time on June 21.  The Bahamas-flagged ship can carry 6,500 vehicles. With a deadweight of 20,400 tons, Glovis Caravel features a length of 200 meters and a width of 32.3 meters. Built at Hyundai Mipo yard in South Korea in 2012, the vessel […]

  • 6 August 2015
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen ASA ended the second quarter of 2015 with USD 70 million net profit. With a seasonal increase of 6% in transported volumes, the total income was USD 596 million for the second quarter, with the operating profit ending at USD 74 million. ”Auto volumes increased in all trades, except Asia […]

  • 9 January 2013

    Hyundai Samho, Hyundai Heavy’s affiliate, has been awarded a contract to build four supertankers for ship investment company HI Gold Ocean, Seatrade Asia reports. Namely, the ordered vessels are 320,000 dwt Very Large Crude Carriers (VLCCs) which will be assigned to Hyundai Glovis on a long time charter contract after delivery in 2014. The VLCC […]

  • 6 August 2015
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen ASA ended the second quarter of 2015 with USD 70 million net profit. With a seasonal increase of 6% in transported volumes, the total income was USD 596 million for the second quarter, with the operating profit ending at USD 74 million. ”Auto volumes increased in all trades, except Asia […]

  • 16 January 2019
    Business & Finance

    Swedish Stena Rederi and Germany’s Glovis Europe to establish a European car carrier joint venture.

  • 20 January 2017
    Business & Finance

    Roll-on/roll-off (RoRo) vessels deployed in services covered by a cooperative working agreement between four major car carriers will be allowed to jointly negotiate for the procurement of tug services at all US ports, starting from January 23, 2017. Parties to the agreement include Wallenius Wilhelmsen Logistics (WWL) from Norway, Eukor Car Carriers (Eukor) and Hyundai […]

  • 11 February 2016
    Business & Finance

    Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) has opted for restructuring the company as it separates Den Norske Amerikalinje AS, which owns a 12% shareholding in Hyundai Glovis, from Wilh. Wilhelmsen ASA (WWASA). The demerged company, to be named Treasure ASA, will be separately listed. According to the group CEO of WWH, Thomas Wilhelmsen, the proposed demerger should improve transparency […]

  • 29 July 2019
    Business & Finance

    The two units will be chartered back to subsidiaries of Flex LNG for a period of ten years.