Hyundai Glovis

HMM making change at helm

HMM announced Monday that it had tapped Kyung-bae Kim, former chief of Hyundai Glovis, as its next CEO.

The South Korean ocean carrier’s board is expected to approve Kim’s nomination at the shareholders meeting on March 29. 

Kyung-bae Kim

HMM hailed Kim as “a logistics expert who had led the steady growth of Hyundai Glovis while serving as chief executive of the company for about nine years. As a veteran with broad experiences and capabilities at the executive level, he is expected to play a...

https://www.freightwaves.com/news/hmm-making-change-at-helm

Appointment of Hyundai Glovis veteran fuels talk of HMM acquisition

The selection of a former CEO of Hyundai Glovis as HMM’s new CEO has sparked speculation in South Korean media that either Glovis or its parent, Hyundai Motors, could acquire the country’s flagship liner operator.

Kim Kyung-bae, who headed Glovis from 2009 to 2017, was chosen by HMM’s bankers to succeed Bae Jae-hoon, who will not be extending his term when it ends on 26 March. Bae, a previous CEO of Pantos Logistics, headed HMM for three years, during which the liner industry saw record profits...

https://container-news.com/appointment-of-hyundai-glovis-veteran-fuels-talk-of-hmm-acquisition/

Hyundai Glovis moves into container freight with new China subsidiary

South Korean vehicle maker Hyundai’s logistics unit, Hyundai Glovis, has itself established a subsidiary in Chengdu, in China’s Sichuan province.
Chengdu Glovis SCM, aims to help its parent to diversify into container rail freight – in 2020, Chengdu was the Chinese city with the second-most direct rail freight trains to Europe.
Hyundai Glovis plans a direct contract with China Railway and, in addition to participating in the operation of high-speed freight trains from Chengdu, …

The post Hyundai...

https://theloadstar.com/hyundai-glovis-moves-into-container-freight-with-new-china-subsidiary/

Chief officer’s ballast level error blamed for Golden Ray capsizing

The National Transportation Safety Board has determined inaccurate stability calculations led to the September 2019 capsizing of the Golden Ray in Georgia’s St. Simons Sound.

“The NTSB determined the probable cause of the capsizing of the Golden Ray was the chief officer’s error entering ballast quantities into the stability calculation program, which led to his incorrect determination of the vessel’s stability and resulted in the Golden Ray having an insufficient righting arm to counteract the...

https://www.freightwaves.com/news/chief-officers-ballast-level-error-blamed-for-golden-ray-capsizing

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