https://splash247.com/hyundai-glovis-returns-to-gsi-for-more-of-worlds-largest-car-carriers/

Hyundai Glovis, the shipping and logistics arm of South Korea's Hyundai Kia Automotive Group, has commissioned Guangzhou Shipyard International (GSI) in China to build six additional ultra-large car carriers. These vessels, featuring LNG dual-fuel technology and a capacity of 10,800 car equivalent units (CEU), will expand the CSSC-affiliated yard's project backlog. This order follows HMM's similar request last year for six vessels chartered by Hyundai Glovis, marking them as the largest car carriers on order to date.

Earlier this year, Seoul-based Hyundai Glovis announced a significant investment of approximately $750 million for the construction of six new car carriers, scheduled for delivery in 2028. This move aligns with the company's strategy to expand its owned and chartered fleet to approximately 110 car carriers by 2027. This expansion plan includes newbuilds from HMM and additional chartered-in tonnage from Seaspan, which ordered six 10,800 CEU vessels from Shanghai Waigaoqiao Shipbuilding. GSI, with the latest Hyundai Glovis order, has now secured contracts for a total of 39 car carriers, solidifying its leading position in the industry. This development underscores the growing demand for advanced, large-capacity car carriers in the global maritime logistics sector.