Stena and Hyundai Glovis to form car carrier joint venture

Stena and Hyundai Glovis to form car carrier joint venture

Stena Rederi, a shipping unit of Swedish shipping group Stena AB, and Glovis Europe, Hyundai Glovis’ German subsidiary, have filed an application with the EU seeking approval to form a joint venture.

According to the application the two companies will create a new joint venture company to operate short sea transport services for pure car and truck carriers in Europe. Other details of the jv were not revealed.

Hyundai Glovis is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. The company operates a fleet of 34 car carriers.

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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