{"id":2621,"date":"2024-12-30T19:04:52","date_gmt":"2024-12-30T19:04:52","guid":{"rendered":"https:\/\/krogragg.com\/?p=2621"},"modified":"2024-12-30T19:04:52","modified_gmt":"2024-12-30T19:04:52","slug":"eukor-car-carriers-signs-4-2-billion-deal-with-hyundai-kia-to-expand-vehicle-exports","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=2621","title":{"rendered":"EUKOR Car Carriers Signs $4.2 Billion Deal With Hyundai & Kia To Expand Vehicle Exports"},"content":{"rendered":"\n
EUKOR Car Carriers Signs $4.2 Billion Deal With Hyundai & Kia To Expand Vehicle Exports<\/div>\n

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\"EUKOR<\/div>\n
\"EUKOR
Image Credits: Wikipedia<\/figcaption><\/figure>\n

EUKOR Car Carriers, part of Wallenius Wilhelmsen, has signed a $4.2 billion contract with Hyundai Motor Company and Kia Motors to expand vehicle exports.<\/p>\n

The deal extends the partnership from three to five years and increases EUKOR\u2019s share of Hyundai and Kia\u2019s exports from 40% to 50%.<\/p>\n

It also adds more export volumes from China, strengthening EUKOR\u2019s position in Asia\u2019s automotive logistics market.<\/p>\n

Wallenius Wilhelmsen\u2019s CEO, Lasse Kristoffersen, said the agreement confirms their strong position in South Korea and long-term partnership with Hyundai Motor Group.<\/p>\n

EUKOR operates 67 specialised car carriers and plays a key role in shipping Hyundai and Kia vehicles from South Korea. Xavier Leroi, EUKOR\u2019s CEO, called the contract a \u201chistoric milestone\u201d.<\/p>\n

Wallenius Wilhelmsen, the parent company, operates 125 vessels across 15 trade routes worldwide and has ordered 14 new car carriers from Chinese shipyards to enhance its fleet.<\/p>\n

The agreement does not change Hyundai Motor Group\u2019s 20% ownership in EUKOR, which was not part of the recent negotiations.<\/p>\n

Reference: Euronext<\/em><\/p>\n<\/div>\n

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EUKOR Car Carriers Signs $4.2 Billion Deal With Hyundai & Kia To Expand Vehicle Exports Image Credits: Wikipedia EUKOR Car Carriers, part of Wallenius Wilhelmsen, has signed a $4.2 billion contract with Hyundai Motor Company and Kia Motors to expand vehicle exports. The deal extends the partnership from three to five years and increases EUKOR\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194,196],"tags":[197],"class_list":["post-2621","post","type-post","status-publish","format-standard","hentry","category-marine-insight","category-shipping-news","tag-marine-insight"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/2621"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2621"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/2621\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}