Examine individual changes

'{{short description|South Korean shipping company}} {{Infobox company | former_name = Hankook Logitech Co. Ltd. | name = Hyundai Glovis Co., Ltd.<br>현대글로비스 주식회사 | logo = Hyundai Glovis logo.svg | caption = | image = Glovis Sunrise, Fremantle, 2015 (02).JPG | image_size = | image_alt = Glovis Sunrise arriving in Fremantle, Australia, not long before sunset in September 2015 | image_caption = | type = [[Public company|Public]] | traded_as = {{kse|086280}} | genre = | fate = | predecessor = | successor = | foundation = 2001 | founder = | defunct = | location_city = [[Seoul]] | location_country = [[South Korea]] | location = | locations = | area_served = Worldwide | key_people = Kim Jung-hoon<ref>{{Cite web |url= http://koreatimes.co.kr/www/tech/2019/09/419_275365.html|title=Hyundai Glovis |website=[[The Korea Times]] |date=9 September 2019 |access-date=10 September 2019}}</ref> | industry = Logistics<br>[[Automotive industry|Automotive]] | products = | services = Logistics, car retailing, shipping | revenue = KRW16.8 trillion | operating_income = | net_income = | aum = | assets = | equity = | owner = | num_employees = 7070 | parent = | divisions = | subsid = | homepage = {{URL|http://www.glovis.net/eng/}} | footnotes = }} '''Hyundai Glovis Co., Ltd.''' is a [[logistics|logistic]]s company headquartered in [[Seoul]], [[South Korea]] and part of the [[Hyundai Kia Automotive Group]]. Its predecessor company, '''Hankook Logitech Co. Ltd''' was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, and packaging services.<ref>{{cite web |url=http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=086280:KS |title=HYUNDAI GLOVIS CO LTD (086280:Korea SE): Company Description - |work=Businessweek |access-date=12 October 2012|url-status=dead|archive-url=https://web.archive.org/web/20121013054146/http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=086280:KS |archive-date=13 October 2012}}</ref> It changed its name to '''Hyundai Glovis''' in June 2003. ==Company== The meaning of the name '''Glovis''' comes from a [[portmanteau]] that combines the two words "'''Global - Vision'''". Hyundai Glovis main business areas in South Korea and internationally are finished vehicles distribution by [[Roll-on/roll-off]] ocean shipping, air transportation, inland truck transportation, logistics consulting, storage, and packaging services, as well as supply chain management services.<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=086280:KS|title=GLOVIS CO LTD (086280:KS): Company Description - BusinessWeek|work=investing.businessweek.com|year=2011|access-date=19 May 2011|url-status=dead|archive-url=https://web.archive.org/web/20121013054146/http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=086280:KS|archive-date=13 October 2012}}</ref> Since 2011, the company has launched an auto parts recycling business, named "OnECO," that mainly consists of distribution of reused and remanufactured auto parts. The company fleet includes 60 [[Roll-on/roll-off|Pure Car and Trucks carriers]] and 36 [[bulk carrier]] ships, deployed on 13 different service routes globally, specialized in the maritime transport and distribution of cargo such as automobiles, trucks, trailers, [[Mafi roll trailer]]s, heavy construction machinery and further types of rolling freight. The fleet's size largely increased at the end of 2014, when Hyundai Glovis acquired the majority of [[STX Pan Ocean]] tonnage.<ref>{{Cite web | url=http://www.businesskorea.co.kr/news/articleView.html?idxno=5513 | title=Notice of Sale of Pan Ocean Early Next Month; Business Korea|date=18 July 2014}}</ref> A joint venture with [[Stena Line]] has been announced and approved by the [[European Commission]] in February 2019, for the implementation of a new cooperative intra-European waters short sea service in between the two carriers, for the sea transport of transhipment cargo.<ref>{{Cite web | url=https://worldmaritimenews.com/archives/270736/eu-gives-green-light-to-stena-hyundai-glovis-joint-venture/ | title=EU Gives Green Light to Stena-Hyundai Glovis Joint Venture &#124; World Maritime News| date=5 February 2019}}</ref> ==Facts and accidents== On 1 November 2013 the [[Port of Le Havre]] welcomed Glovis' maiden port stay in [[France]]. MV ''Glovis Condor'' called at the port on her way from [[Gothenburg]] to [[Southampton]] to load and unload cargo, mainly used trucks and [[military vehicle]]s destined for the Middle East.<ref>{{cite web|url=https://www.joc.com/port-news/european-ports/port-le-havre/le-havre-welcomes-first-call-glovis-ro-ro-ship_20131101.html |title=Le Havre Welcomes First Call of Glovis Ro-Ro Ship |publisher=JOC.com |date=2018-12-13 |access-date=2019-01-17}}</ref> On 23 November 2014, Glovis announced the acquisition of the Polish logistics specialist distributor Adampol.<ref>{{cite web | url=https://automotivelogistics.media/news/hyundai-glovis-acquires-european-vehicle-logistics-assets-with-adampol-takeover | title=Hyundai Glovis acquires European logistics assets with Adampol takeover| date=2014-11-24}}</ref> The company owns 611 [[car carrier trailer]] trucks, manage 600 loads per day, and has a total staff of over 1,300 employees. The main business is storage, pick up from ports and distribution of new cars within [[Eastern Europe]] and [[Russia]], with an average of 400,000 cars delivered per year to the final dealers, for brands such as [[BMW]], [[General Motors]], [[Toyota]], and [[Volkswagen]]. On 16 June 2016 the company reaffirmed their intention not to support the [[Federal government of the United States]] demands to employ or charter US-flagged vessels. The American Government has suggested on a number of occasions the opportunity to reflag or hiring vessels registered in US, to carry military equipment on Glovis' ballast leg from US to [[South Korea]]. However, due to the costs involved, South Korea's [[Ministry of Oceans and Fisheries]] politely declined.<ref>{{cite web | url=https://worldmaritimenews.com/archives/195175/hyundai-glovis-refuses-to-use-us-registered-vessels/ | title=Hyundai Glovis Refuses to Use US-Registered Vessels |newspaper=World Maritime News |date=17 June 2016}}</ref> On 27 December 2016, MV ''Glovis Corona'' (built in 1996, and formerly known as MV ''Asian Grace'') faced a serious near miss, due to severe weather conditions in the European [[North Sea]]. The vessel listed approximately 15 degrees, caused by cargo movements in the holds, when cars and high and heavy cargo broke their lashings, dangerously moving within the decks.<ref>{{cite web | url=http://www.shippingherald.com/hyundai-glovis-car-carrier-tilted-15-degrees-in-north-sea/ | title=Hyundai Glovis car carrier tilted 15 degrees in North Sea |newspaper=Shipping Herald |date=30 December 2016}}</ref> The accident took place when ''Glovis Corona'' was sailing from [[Hamburg]] to [[Gothenborg]], having to suddenly stop close to [[Bremerhaven]] anchorage. On 30 December a berth was granted at Bremerhaven, to discharge 1,800 cars, and to further ballast to even the keel.<ref>{{cite web | url=https://www.fleetmon.com/maritime-news/2016/16607/car-carrier-glovis-corona-cargo-shift-list-north-s/ | title=Car carrier GLOVIS CORONA UPDATE Dec 31: Docked at Bremerhaven |first=Mikhail |last=Voytenko |date=29 December 2016}}</ref> Owing to the situation, the export voyage had to be cancelled and the cargo bookings rolled to another sailing. On 15 February 2018 MV ''Glovis Spring'' ran aground within the [[Paracel Islands]] waters.<ref>{{cite web | url=https://maritimebulletin.net/2018/02/20/car-carrier-glovis-spring-aground-in-south-china-sea-black-hole/ | title=Car carrier GLOVIS SPRING aground in South China sea Black Hole| date=2018-02-20}}</ref> The vessel was sailing from [[Singapore]] to [[Hong Kong]], with over 3,400 brand new European manufactured cars on board, when it ended up in shallow waters, possibly related to the shifting of landfill materials arranged by the Chinese authorities, and aggravated by extreme low tide sea conditions. Two Chinese companies immediately proposed to assist with the [[maritime salvage]] promptly sending divers and [[tugboat]]s.<ref>{{cite web | url=http://www.wecoxclaimsgroup.com/GLOVIS-SPRING | title=Glovis Spring |website=Cox Claims Group |date=20 February 2018}}</ref> The operation was finally awarded to a joint venture formed by Messrs Ardent and Guangzhou Salvage. MV ''Glovis Spring'' was successfully refloated, and made free 4 days after the grounding.<ref>{{cite web | url=https://www.maritime-executive.com/corporate/ardent-and-singapore-salvage-engineers-join-forces#gs.SB15daQ | title=Ardent and Singapore Salvage Engineers Join Forces}}</ref> On Monday 21 May 2018 MV ''Auto Banner'', part of the Glovis tonnage, caught fire while alongside [[Incheon]] port, due to overheating of one of the vehicles just loaded on board, destined for [[Libya]]. The crew of 28 had to be quickly evacuated from on board, while fire brigades proceeded to successfully extinguish the fire from sea, shore and air. MV ''Auto Banner'' was built in 1988, and used to be part of [[STX Pan Ocean]] fleet. The ship was certified in good condition, according to a recent port state inspection performed in January 2018 in Portland, US.<ref>{{cite web | url=https://www.maritime-executive.com/article/car-carrier-catches-fire-at-incheon#gs.Jl5hiFI | title=Car Carrier Catches Fire at Incheon |newspaper=The Maritime Executive |date=21 May 2018}}</ref> On 7 September 2019, [[Greenpeace]] activists temporary blocked the discharging of Korean SUV vehicles into [[Bremerhaven]] port, disrupting for several hours the operations of MV ''Glovis Sky''.<ref>{{Cite web | url=https://www.butenunbinnen.de/nachrichten/kurz-notiert/greenpeace-protestaktion-bremerhaven-autofrachter-100.html | title=Greenpeace protest | newspaper=Butenunbinnen | date=7 September 2019 | access-date=25 September 2019 | archive-date=16 December 2019 | archive-url=https://web.archive.org/web/20191216133223/https://www.butenunbinnen.de/nachrichten/kurz-notiert/greenpeace-protestaktion-bremerhaven-autofrachter-100.html | url-status=dead }}</ref> [[File:Coast Guard rescue Golden Ray 14.jpg|thumb|MV ''Golden Ray'' capsized]] On 8 September 2019 {{MV|Golden Ray}}, built in 2017 and flying [[Marshall Islands]] flag, capsized within [[Port of Brunswick]] harbour, shortly after unberthing and proceeding towards [[Port of Baltimore]].<ref name="rescue">{{cite news |url=https://www.cnn.com/2019/09/08/us/golden-ray-cargo-ship-georgia/index.html |title=Four crew members are missing after a cargo ship capsized off the Georgia coast |first1=Melissa |last1=Alonso |first2=Dakin |last2=Andone |newspaper=CNN |date=9 September 2019}}</ref> Four of the 23 crew members were initially missing, but all were eventually rescued and appeared to be in good medical condition.<ref>{{cite news |url=https://globalnews.ca/news/5877481/overturned-boat-georgia-crew-alive/ |title=4 missing crew members rescued after cargo ship overturns near Georgia |date=9 September 2019 |newspaper=Global News |first1=Jeff |last1=Amy |first2=Stephen |last2=Morton}}</ref> The incident was mentioned as related to a sudden loss of stability possibly due to cargo stowage and incorrect water ballasting.<ref>{{Cite web |url=http://maritimebulletin.net/2019/09/08/car-carrier-capsized-crew-evacuated-brunswick-usa/ |title=Car carrier capsized, crew evacuated, Brunswick USA UPDATE 4 crew crew alive! |first=Mikhail|last=Voytenko|date=September 8, 2019}}</ref> A Hyundai Glovis executive told the news media that "there was some kind of an internal fire that could not be controlled and then it capsized".<ref>{{cite news |url=https://www.wsj.com/articles/coast-guard-searches-for-four-after-cargo-ship-capsizes-near-georgia-port-11567982240 |title=Coast Guard Finds Four Trapped Crew Members in Capsized Cargo Ship |newspaper=[[The Wall Street Journal]] |first=Costas |last=Paris |date=9 September 2019}}</ref> The [[National Transportation Safety Board]] agreed to assist in the investigation of the cause of the incident with two investigators assigned to the case.<ref>{{cite news |url=https://www.bbc.com/news/world-us-canada-49638943 |title=Golden Ray cargo ship: US Coastguard saves trapped crew members |newspaper=[[BBC News]] |date=10 September 2019}}</ref> On 3 November 2019, MV ''Glovis Captain'' arrived in [[Southampton]] after facing extreme weather conditions in the [[English Channel]]. The abnormal rolling caused the breaking of several cargo lashings, producing a series of cargo damages on her main deck. A number of brand new trucks and [[Porsche]] cars destined for [[China]], were damaged or nearly completely destroyed after crushing against the ship’s bulkhead. The bulkhead itself suffered a hole that needed urgent repair before the vessel could restart her passage towards Asia. The cargo had to be unloaded by [[forklift]] and [[roll trailer|mafi roll trailers]], being no more in driveable conditions. The port stay had to be increased to over 3 days, to perform the necessary inspections, and welding repairs to the ship.{{citation needed|date=March 2022}} On 28 June 2020, Glovis operated MV ''Grand Venus'' after completing the discharge of [[Tesla, Inc.|Tesla]] cars loaded in US at [[Zeebrugge]] port,<ref>{{cite web|url= https://www.offshore-energy.biz/tms-cardiff-gas-lng-tanker-collides-with-car-carrier-off-belgium/|title=Gas tanker collides with Car carrier |publisher=OffShore biz |date=2020-06-30 |access-date=2020-08-07}}</ref> collided with a LNG tanker while both adrift in proximity of [[Ostend]] and [[Zeebrugge]] outer anchorage area, waiting for assignment. Although the damages occurred were minor, the vessel required repair at [[Vlissingen]] dock<ref>{{cite web|url= https://www.thedaily-ng.com/maritime-accident-grand-venus-vlissingen/|title= Grand Venus at Vlissingen |publisher=The Daily |date=2020-06-30 |access-date=2020-08-07}}</ref> before starting her consequent voyage towards Asia in July.<ref>{{cite web|url= https://www.fleetmon.com/maritime-news/2020/30089/car-carrier-and-lng-tanker-reportedly-collided-ost/|title=Car Carrier and LNG collided |publisher=Fleetmon |date=2020-06-29 |access-date=2020-08-07}}</ref> On 7 March 2022, the [[Government Pension Fund of Norway]], the world's largest sovereign wealth fund, decided to place the company under observation "due to unacceptable risk that the company contributes to gross or systematic human rights violations".<ref>{{Cite web|url=https://www.nbim.no/en/the-fund/news-list/2022/decisions-on-observation-and-exclusion/|title=Decisions on observation and exclusion|date=March 7, 2022|website=Norges Bank Investment Management}}</ref><ref>{{Cite web|url=https://etikkradet.no/hyundai-glovis-co-ltd-2/|title=Hyundai Glovis Co Ltd|date=March 7, 2022}}</ref> == Continental rail transport == In August 2018, Hyundai Glovis inaugurated its transportation of containers via the [[Transsiberian Railway]], after shipping them via sea to [[Vladivostok]]. Hyundai Glovis expects to cut the transit time from 43 days by ship on the southern route around the Eurasian landmass, via the [[Strait of Malacca]], the [[Suez Canal]] and the [[Strait of Gibraltar]], to 22 days by rail via Vladivostok. The 22 days are composed of "two days from [[Busan]] to Vladivostok; eight days for unloading, customs clearance, and reloading in Vladivostok; and 12 days from Vladivostok to Shushary Station near Saint Petersburg."<ref name="Hankoryeh_857732"/> This is seen as a precursor to breaking up the situation of South Korea as an [[island]], having to rely exclusively on transport to and from other countries by sea and air, by re-establishing the rail links to [[North Korea]] and thus open direct rail routes to all countries in Europa and nearly all in Asia. South Korean governments since [[Park Geun-hye]] have worked towards this goal.<ref name="Hankoryeh_697968"/> For this purpose, on June 7, 2018, South Korea became an official member of the [[Organization for Cooperation of Railways|Organization for Cooperation of Railways (OSJD)]].<ref name="Hankoryeh_848290"/> "South Korea's official membership in the OSJD", Heo Seung wrote on June 8, 2018 in Hankoryeh, "means it will be able to take part in the operation of 280,000 km of international railway lines in Eurasia, which include the Trans-China Railway (TCR) and Trans-Siberian Railway (TSR). OSJD members are entitled to transport passengers and freight without the need for separate agreements with countries where the railways pass through."<ref name="Hankoryeh_848290"/> ==See also== {{Commons category}} *[[Hyundai Merchant Marine]] *[[Stena Line]] *[[EUKOR]] *[[STX Pan Ocean]] *[[Nippon Yusen|Nippon Yusen Kaisha]] *[[Siem Shipping]] *[[KESS - K Line Europe Short Sea]] *[[United European Car Carriers]] *[[MV Asian Glory]] ==Ships gallery== <gallery> File:Glovis Sunrise, Fremantle, 2015 (07).JPG|Glovis ship File:Glovis Sunrise, Fremantle, 2015 (10).JPG|''Glovis Sunrise'' File:Glovis Companion, Fremantle, 2016 (03).JPG|''Glovis Companion'' File:MV Glovis Conductor Car Transporter with tug Svtzer Eston into Southampton.jpg|''Glovis Conductor'' File:Glovis Cougar, Fremantle, 2015 (04).JPG|''Glovis Cougar'' File:Car carrier GLOVIS SPLENDOR en manoeuvre.jpg|''Glovis Splendor'' File:Car carrier GOLDEN RAY en quai.jpg|''Golden Ray'' in the port of Casablanca (2018) File:Glovis truck carrier.png|Glovis [[car carrier trailer]] </gallery> ==References== {{reflist|refs = <ref name="Hankoryeh_697968">{{cite news |url=http://english.hani.co.kr/arti/english_edition/e_northkorea/697968.html |title=Government announces plans to restore section of railway to North Korea |date=2015-06-29 |author=Kim Kyu-won |quote=the linkage of the Gyeongwon Line and Trans-Siberian Railroad is one of the key projects in the Eurasia Initiative announced by President Park Geun-hye. |journal=Hankoryeh (Hani.co.kr) |location=Seoul, South Korea |access-date=2018-08-20 }}</ref> <ref name="Hankoryeh_848290">{{cite news |url=http://english.hani.co.kr/arti/english_edition/e_business/848290.html |title=South Korea admitted into OSJD on North Korea's approval |date=2018-06-08 |author=Heo Seung |journal=Hankoryeh (Hani.co.kr) |location=Seoul, South Korea |access-date=2018-08-20 }}</ref> <ref name="Hankoryeh_857732">{{cite news |url=http://english.hani.co.kr/arti/english_edition/e_business/857732.html |title=Hyundai Glovis introduces non-stop Trans-Siberian freight train from Vladivostok to St. Petersburg |first=Dae-seon|last=Hong |date=2018-08-15 |quote=Hyundai Glovis announced on Aug. 14 that it had held a commemorative event for the departure of 64 freight containers from Vladivostok, marking the beginning of regular express freight train service in Siberia. |journal=Hankoryeh (Hani.co.kr) |location=Seoul, South Korea |access-date=2018-08-20 }}</ref> }} <!-- end of Reflist --> ==External links== * {{Official website|www.glovis.net/Eng/main/index.do}} {{Finance links |name= Hyundai Glovis |google= 086280:KRX |yahoo= 086280.KS |bloomberg= 086280:KS |reuters= 086280.KS }} {{Hyundai Motor Group}} {{Automotive industry in South Korea}} {{KOSPI 200}} [[Category:Hyundai Motor Group]] [[Category:Automotive companies of South Korea]] [[Category:Logistics companies of South Korea]] [[Category:Transport companies established in 2001]] [[Category:Companies listed on the Korea Exchange]] [[Category:Companies in the KOSPI 200]] [[Category:Shipping companies of South Korea]] [[Category:Car carrier shipping companies]] [[Category:Ro-ro shipping companies]]'