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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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