Hyundai Glovis

Hyundai Glovis Co., Ltd.
현대글로비스 주식회사

Formerly	Hankook Logitech Co. Ltd.
Type	Public
Traded as	KRX: 086280
Industry	Logistics Automotive
Founded	2001 (2001)
Headquarters	Seoul, South Korea
Area served	Worldwide
Key people	Kyung-Bae Kim[1]
Services	Logistics, car retailing, shipping
Revenue	15.3 trillion KRW
Number of employees	7070
Website	www.glovis.net/eng/

Hyundai Glovis Co., Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, and packaging services.^[2] It changed its name to Hyundai Glovis in June 2003.

Company

The meaning of the name Glovis comes from a portmanteau that combines together the two words "Global - Vision".

Hyundai Glovis main business areas in South Korea and internationally are finished vehicles distribution by Roll-on/roll-off ocean shipping, air transportation, inland truck transportation, logistics consulting, storage, and packaging services, as well as supply chain management services.^[3] Since 2011, the company has launched an auto parts recycling business, named "OnECO," that mainly consists of distribution of reused and remanufactured auto parts.

The company fleet includes 55 Pure Car and Trucks carriers and 36 bulk carrier ships, deployed on 13 different service routes globally.

Facts and accidents

On 1 November 2013 the Port of Le Havre welcomed Glovis maiden port stay in France. Mv Glovis Condor called the port on her way from Gothenburg to Southampton to load and unload cargo, mainly used trucks and military vehicles destined to Middle East.^[4]

On 23 November 2014, Glovis announced the acquisition of the Polish logistics specialised distributor Adampol.^[5] The company owns 611 Car carrier trailer trucks, manage 600 loads per day, and has a total staff of over 1300 employees. The main business is storage, pick up from ports and distribution of new cars within Eastern Europe and Russia, with an average of 400,000 cars delivered per year to the final dealers, for brands such BMW, General Motors, Toyota, and Volkswagen.

On 16 June 2016 the company reaffirmed their intention not to support the Federal government of the United States demands to employ or charter US flagged vessels. The American Government has suggested on a number of occasions the opportunity to reflag or hiring vessels registered in US, to carry military equipment on Glovis' ballast leg from US to South Korea. However, due to costs involved, the South Korea’s Ministry of Oceans and Fisheries politely declined.^[6]

On 27 December 2016, mv Glovis Corona (built in 1996, and formerly known as mv Asian Grace) faced a serious near miss, due to severe weather conditions in Europe North Sea. The vessel listed of approximately 15 degrees, caused by cargo movements in the holds, when cars and high and heavy cargo broke their lashings, dangerously moving within the decks.^[7] The accident took place when mv Glovis Corona was sailing from Hamburg to Gothenborg, having to suddenly stop close to Bremerhaven anchorage. On 30 December a berth was granted at Bremrehaven, to discharge 1800 cars, and to further ballast to even the keel.^[8] Owing to the situation, the export voyage had to be cancelled and the cargo bookings rolled to another sailing.

On 15 February 2018 mv Glovis Spring run aground within the Paracel Islands waters.^[9] The vessel was sailing from Singapore to Hong Kong, with over 3400 brand new European manufactured cars on board, when ended up in shallow waters, possibly related to the shifting of landfill materials arranged by the Chinese authorities, summed up with extreme low tide sea conditions. Two Chinese companies immediately proposed to assist with the maritime salvage promptly sending divers and tugboats.^[10] The operation was finally awarded to a joint venture formed by Messrs Ardent and Guangzhou Salvage. Mv Glovis Spring was successfully refloated, and made free 4 days after the grounding.^[11]

On Monday 21 May 2018 mv Auto Banner, that is part of Glovis tonnage, caught fire while alongside Incheon port, due to overheating of one of the vehicle just loaded on board, destined to Libya. The crew of 28 had to be quickly evacuated from on board, while fire brigades proceeded to successfully extinguish the fire from sea, shore and air. Mv Auto Banner was built in 1988, and used to be part of STX Pan Ocean fleet. The ship resulted in good conditions, according to a recent port state inspection performed in January 2018 in Portland, US.^[12]

Continental rail transport

In August 2018, Hyundai Glovis inaugurated transporting container via the Transsiberian Railway, after shipping them via sea to Vladivostok. Hyundai Glovis expects to cut the transit time from 43 days by ship on the southern route around the Eurasian landmass, via the Strait of Malacca, the Suez Canal and the Strait of Gibraltar, to 22 days by rail via Vladivostok. The 22 days are composed of "two days from Busan to Vladivostok; eight days for unloading, customs clearance, and reloading in Vladivostok; and 12 days from Vladivostok to Shushary Station near Saint Petersburg."^[13]

This is seen as a precursor to breaking up the situation of South Korea as an island, having to rely exclusively on transport to and from other countries by sea and air, by re-establishing the rail links to North Korea and thus open direct rail routes to all countries in Europa and nearly all in Asia. South Korean governments since Park Geun-hye have worked for this goal.^[14]

For this purpose, on June 7, 2018, South Korea became an official member of the Organization for Cooperation of Railways (OSJD).^[15] "South Korea’s official membership in the OSJD", Heo Seung wrote on June 8, 2018 in Hankoryeh, "means it will be able to take part in the operation of 280,000km of international railway lines in Eurasia, which include the Trans China Railway (TCR) and Trans-Siberian Railway (TSR). OSJD members are entitled to transport passengers and freight without the need for separate agreements with countries where the railways pass through."^[15]

Ships gallery

• 
  Glovis ship
• 
  Glovis Sunrise
• 
  Glovis Companion
• 
  Glovis Conductor
• 
  Glovis Cougar
• 
  Glovis truck carrier

External links

• Hyundai Glovis official site

References