Hyundai Glovis, a global logistics company, has recently announced that it is now taking orders for the largest car carriers in the world. With a capacity of up to 8,000 vehicles, these carriers are designed to meet the growing demand for efficient and cost-effective transportation of automobiles across the globe. The company's state-of-the-art technology and expertise in logistics management make it an ideal partner for businesses looking to transport large volumes of vehicles. By offering these carriers, Hyundai Glovis is not only expanding its business portfolio but also contributing to the growth of the automotive industry. With its commitment to providing high-quality services and innovative solutions, Hyundai Glovis is poised to become a leading player in the global logistics market.
South Korea’s Hyundai Glovis is set to build the world’s lagest pure car and truck carriers.
The shipping and logistics unit of Hyundai Motor Group unveiled plans in a local stock exchange filing to spend around $1.84bn on a dozen LNG dual-fuel 10,800 ceu vessels for delivery in 2027.
Hyundai Glovis' Diversified Fleet
The Seoul-based diversified owner, best known for its car carrier fleet of over 70 ships also has tankers, bulk carriers, and newbuilds in the gas shipping segment set to enter the market next year.
The company has over the last few years strategically expanded its non-Hyundai client base to include the likes of Volkswagen, Ford and BMW, which last year made up around 60% of its revenue.
Wallenius Wilhelmsen's Largest Units
A shortage of car carriers, after a decade of limited orders, had lifted their value over the past year, with rates hitting record levels amid a post-pandemic rebound in car demand. This has lifted the car carrier orderbook, with owners securing slots mostly in China for supersized vessels, and even seen carmakers tapping into the container carrier sector off the back of weakened rates.
Hyundai Glovis has yet to reveal its shipyard of choice. Wallenius Wilhelmsen, the Oslo-listed car carrier operator of around 125 ships, currently has some of the largest units booked for construction in China. The 9,350 ceu methanol-capable and ammonia-ready vessels should deliver from China Merchants Jinling Shipyard from mid-2026. The parent company, Wilh. Wilhelmsen Holding, also holds a stake in Hyundai Glovis.
GALLERY : HYUNDAI GLOVIS
(This article is sourced from Slash24 curated by Thetransporteronline24)
