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2 clusters · 4 sources · 14 days · First seen · Last updated

Hyundai Glovis maritime and logistics expansion

Overview

Hyundai Glovis is advancing its logistics and maritime capabilities through strategic partnerships in the United States.

In early October, the company entered a Memorandum of Understanding with Liberty Global Logistics to study the feasibility of using Small Modular Reactors (SMR) to power Pure Car and Truck Carriers (PCTC). This collaboration aims to analyze the commercial operation of SMR-powered vessels on routes between South Korea and the United States, focusing on carbon emission reduction and increased cargo efficiency.

Later in the month, Hyundai Glovis announced plans to expand its presence at the Port of Philadelphia. Through an agreement with the Philadelphia Port Authority and local developers, the company intends to secure dedicated berths for automobile carriers and expand its finished vehicle terminal operations. This expansion is expected to increase its local logistics space to approximately 1.1 million square meters and raise vehicle storage capacity to 37,600 units.

Entities

Hyundai Glovis · Philadelphia Port Authority · Josh Shapiro · Lloyd's Register · Scott Cornell

Timeline

  1. [BUSINESS] 2 sources
    Hyundai Glovis to expand Philadelphia port operations

    Hyundai Glovis signed an MOU to expand its presence at the Port of Philadelphia, extending site contracts to 2056 and developing new terminals to bolster its North American logistics hub.

  2. [BUSINESS] 4 sources
    Hyundai Glovis to study SMR-powered shipping with U.S. logistics firm

    Hyundai Glovis and Liberty Global Logistics are partnering to study the commercial feasibility of SMR-powered car carriers on South Korea-U.S. routes to reduce maritime carbon emissions.

Sources

bairdmaritime.com · biz.heraldcorp.com · maritimemag.com · monthlymaritimekorea.com