© Darryl Brooks
South Korean shipowners Eukor Car Carriers, Hyundai Glovis and HMM are set to build or acquire more pure car and truck carriers (PCTCs) to transport domestic vehicle exports.
Last week, the Korea Shipowners’ Association signed a memorandum of understanding with the Korea Auto Industries Cooperative Association to provide shipping capacity for car-makers Hyundai, Ssangyong, Renault Korea and GM Korea, which pledged to provide stable export volumes.
Vice-minister of oceans and fisheries Song Sang-keun said: “While the domestic automobile industry is experiencing a ...
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