Hyundai Motors

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, …

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