|Hankook Logitech Co. Ltd.|
|Traded as||KRX: 086280|
|Headquarters||Seoul, South Korea|
|Services||Logistics, car retailing, shipping|
|Revenue||15.3 trillion KRW|
Number of employees
Hyundai Glovis Co., Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, and packaging services. It changed its name to Hyundai Glovis in June 2003.
The meaning of the name Glovis comes from a portmanteau that combines together the two words "Global - Vision".
Hyundai Glovis main business areas in South Korea and internationally are finished vehicles distribution by Roll-on/roll-off ocean shipping, air transportation, inland truck transportation, logistics consulting, storage, and packaging services, as well as supply chain management services. Since 2011, the company has launched an auto parts recycling business, named "OnECO," that mainly consists of distribution of reused and remanufactured auto parts.
Facts and accidents
On 1st November 2013 the Port of Le Havre welcomed Glovis maiden port stay in France. Mv Glovis Condor called the port on her way from Gothenburg to Southampton to load and unload cargo, mainly used trucks and military vehicles destined to Middle East.
On 23rd November 2014, Glovis announced the acquisition of the Polish logistics specialised distributor Adampol. The company owns 611 Car carrier trailer trucks, manage 600 loads per day, and has a total staff of over 1300 employees. The main business is storage, pick up from ports and distribution of new cars within Eastern Europe and Russia, with an average of 400,000 cars delivered per year to the final dealers, for brands such BMW, General Motors, Toyota, and Volkswagen.
On 16th June 2016 the company reaffirmed their intention not to support the Federal government of the United States demands to employ or charter US flagged vessels. The American Government has suggested on a number of occasions the opportunity to reflag or hiring vessels registered in US, to carry military equipment on Glovis' ballast leg from US to South Korea. However, due to costs involved, the South Korea’s Ministry of Oceans and Fisheries politely declined.
On 27th December 2016, mv Glovis Corona (built in 1996, and formerly known as mv Asian Grace) faced a serious near miss, due to severe weather conditions in Europe North Sea. The vessel listed of approximately 15 degrees, caused by cargo movements in the holds, when cars and high and heavy cargo broke their lashings, dangerously moving within the decks. The accident took place when mv Glovis Corona was sailing from Hamburg to Gothenborg, having to suddenly stop close to Bremerhaven anchorage. On 30th December a berth was granted at Bremrehaven, to discharge 1800 cars, and to further ballast to even the keel. Owing to the situation, the export voyage had to be cancelled and the cargo bookings rolled to another sailing.
On 15th February 2018 mv Glovis Spring run aground within the Paracel Islands waters. The vessel was sailing from Singapore to Hong Kong, with over 3400 brand new European manufactured cars on board, when ended up in shallow waters, possibly related to the shifting of landfill materials arranged by the Chinese authorities, summed up with extreme low tide sea conditions. Two Chinese companies immediately proposed to assist with the maritime salvage promptly sending divers and tugboats. The operation was finally awarded to a joint venture formed by Messrs Ardent and Guangzhou Salvage. Mv Glovis Spring was successfully refloated, and made free 4 days after the grounding.
On Monday 21st May 2018 mv Auto Banner, that is part of Glovis tonnage, caught fire while alongside Incheon port, due to overheating of one of the vehicle just loaded on board, destined to Libya. The crew of 28 had to be quickly evacuated from on board, while fire brigades proceeded to successfully extinguish the fire from sea, shore and air. Mv Auto Banner was built in 1988, and used to be part of STX Pan Ocean fleet. The ship resulted in good conditions, according to a recent port state inspection performed in January 2018 in Portland, US.
Continental rail transport
In August 2018, Hyundai Glovis inaugurated transporting container via the Transsiberian Railway, after shipping them via sea to Vladivostok. Hyundai Glovis expects to cut the transit time from 43 days by ship on the southern route around the Eurasian landmass, via the Strait of Malacca, the Suez Canal and the Strait of Gibraltar, to 22 days by rail via Vladivostok. The 22 days are composed of "two days from Busan to Vladivostok; eight days for unloading, customs clearance, and reloading in Vladivostok; and 12 days from Vladivostok to Shushary Station near Saint Petersburg."
This is seen as a precursor to breaking up the situation of South Korea as an island, having to rely exlusively on transport to and from other countries by sea and air, by re-establishing the rail links to North Korea and thus open direct rail routes to all countries in Europa and nearly all in Asia. South Korean governments since Park Geun-hye have worked for this goal.
For this purpose, on June 7, 2018, South Korea became an official member of the Organization for Cooperation of Railways (OSJD). "South Korea’s official membership in the OSJD", Heo Seung wrote on June 8, 2018 in Hankoryeh, "means it will be able to take part in the operation of 280,000km of international railway lines in Eurasia, which include the Trans China Railway (TCR) and Trans-Siberian Railway (TSR). OSJD members are entitled to transport passengers and freight without the need for separate agreements with countries where the railways pass through."
- "CEO Message". Hyundai Glovis. Retrieved 20 October 2012.
- "HYUNDAI GLOVIS CO LTD (086280:Korea SE): Company Description - Businessweek". investing.businessweek.com. Archived from the original on 13 October 2012. Retrieved 12 October 2012.
- "GLOVIS CO LTD (086280:KS): Company Description - BusinessWeek". investing.businessweek.com. 2011. Archived from the original on 13 October 2012. Retrieved 19 May 2011.
- Hong, Dae-seon (2018-08-15). "Hyundai Glovis introduces non-stop Trans-Siberian freight train from Vladivostok to St. Petersburg". Hankoryeh (hani.co.kr). Seoul, South Korea. Retrieved 2018-08-20.
Hyundai Glovis announced on Aug. 14 that it had held a commemorative event for the departure of 64 freight containers from Vladivostok, marking the beginning of regular express freight train service in Siberia.
- Kim Kyu-won (2015-06-29). "Government announces plans to restore section of railway to North Korea". Hankoryeh (hani.co.kr). Seoul, South Korea. Retrieved 2018-08-20.
the linkage of the Gyeongwon Line and Trans-Siberian Railroad is one of the key projects in the Eurasia Initiative announced by President Park Geun-hye.
- Heo Seung (2018-06-08). "South Korea admitted into OSJD on North Korea's approval". Hankoryeh (hani.co.kr). Seoul, South Korea. Retrieved 2018-08-20.
|This article about an automotive industry corporation or company is a stub. You can help Wikipedia by expanding it.|
|This article about a South Korean company is a stub. You can help Wikipedia by expanding it.|