Hyundai Glovis earmarks $750m for six more supersized car carriers

Hyundai Glovis, based in South Korea, is planning to expand its fleet by adding more ultra-large car carriers.

The shipping and logistics division of Hyundai Kia Automotive Group has announced its intention to invest approximately $750 million in six LNG dual-fuel 10,800 ceu vessels, which are expected to be delivered by 2028.

“We have made the decision to invest in new ships in order to ensure a more stable…