Eukor extends car shipping contract with Hyundai

Eukor extends car shipping contract with Hyundai

Eukor Car Carriers has agreed with Hyundai Motor Group to carry Hyundai and Kia vehicle exports from Korea for a further four years.

The new period runs from January 2016 through to December 2019, with volumes adjusting from 50% of exports in the first two-year period to 40% in the second two-year period. Further details of the contract are still under negotiation.

Eukor, which is 40% owned by Norway’s Wilh. Wilhelmsen, completed volumes of approximately 4.6m units in 2014 with 1.7m units on behalf of Hyundai and Kia.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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