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Hyundai Glovis plans record new builds: 12 x 10,800 CEU

Caption: © Hyundai Glovis

The South Korean car and logistics group Hyundai wants to order a large series of newbuildings for its car carrier fleet.

The shipping subsidiary Hyundai Glovis, which is also well known in this country for its launches and activities in Bremerhaven, for example, has now made the plans public in a stock exchange listing.

Accordingly, investments of 1.85 billion dollars are planned. This will be used to order twelve new carriers with dual-fuel propulsion systems designed for LNG. This is a “strategic step to strengthen the company’s position in the shipping industry”, according to the statement. The aim is to stabilize fleet operations in the medium to long term and respond to stricter international environmental regulations.

Hyundai Glovis expects newbuildings by 2027

With a capacity of 10,800 CEU, the ships will be the world’s largest pure passenger car/truck carriers (PCTC).

Delivery of the series is scheduled to be completed by the end of September 2027, which – in view of the emissions targets from 2050 – will enable an operating life of 20 years. Details about the shipbuilder were not disclosed.

Competitor Wallenius Wilhelmsen is also investing in the fleet; a few days ago it was announced that a series of ammonia-capable freighters with 9,350 CEU is to be ordered.

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