Developing railway logistics between China and Europe
in collaboration with China's biggest logistics company
Hyundai Glovis has signed a joint investment agreement with Changjiu, the biggest private logistics company of China, to expand the logistics business from China to Europe. A high synergy effect between the two companies is expected with Hyundai Glovis Europe taking over Adampol in 2014 and operating a train terminal equipped with a freight trans-shipment system in Poland, and Changjiu with a great volume of transport by TCR (Trans China Railway) secured. TCR is a railway line that connects from different parts of China through Russia and Kazakhstan to different regions of Europe. The freight needs to be trans-shipped when crossing the borders to Europe, and if the trains of Changjiu use Adampol’s trans-shipment system exclusively, it is beneficial for the shipper in saving the cost and managing schedules. It is also easier to attract new shippers from China and Europe, as the price can be competitive with the large volume of Changjiu’s TCR freight.
By merging the strengths of the two companies, Hyundai Glovis will launch a new railroad transport brand ECT (EURO CHINA TRAIN. The key point is to provide a differentiated logistics service using TCR. As shipping costs are spiking due to the COVID-19 pandemic and railroad transshipment is rising as an alternative for goods transportation in Europe, ECT is expected to have strong competitiveness.
Hyundai Glovis is also planning to implement aggressive marketing, targeting completed vehicle businesses in Europe and China, applying our know-how on automotive logistics and the Chinese network of Changjiu. The two companies have recently executed a trial transportation of completed vehicles of a premium German maker from Germany to China, and plan to receive orders through the joint operation in the future. Hyundai Glovis will maximize its competence with Changjiu and grow their cooperative relations to expand the logistics territory in Eurasia.
By merging the strengths of the two companies, Hyundai Glovis will launch a new railroad transport brand ECT (EURO CHINA TRAIN. The key point is to provide a differentiated logistics service using TCR. As shipping costs are spiking due to the COVID-19 pandemic and railroad transshipment is rising as an alternative for goods transportation in Europe, ECT is expected to have strong competitiveness.
Hyundai Glovis is also planning to implement aggressive marketing, targeting completed vehicle businesses in Europe and China, applying our know-how on automotive logistics and the Chinese network of Changjiu. The two companies have recently executed a trial transportation of completed vehicles of a premium German maker from Germany to China, and plan to receive orders through the joint operation in the future. Hyundai Glovis will maximize its competence with Changjiu and grow their cooperative relations to expand the logistics territory in Eurasia.
Transporting break-bulk in car carriers
to diversify its shipping business
Hyundai Glovis is planning to diversify its non-affiliated business in marine transportation by nurturing break-bulk business using car carriers.
It has recently completed marine transportation of thermal and wind power plant facilities from a global energy infrastructure company to Baltimore, USA, and Bremerhaven, Germany. The shipper chose the car carriers of Hyundai Glovis for a timely transportation of the freight instead of shipping containers.
Although various companies are participating in the world break-bulk business, there is no market-leading company. Hyundai Glovis, already competitive in marine transportation, steps in to strengthen the break-bulk business to expand the marine business competence and speed the sales diversification.
The amount of the global break-bulk cargo that Hyundai Glovis transported last year exceeds 13,500 TEU in 20-foot-containers. This year, it aims to double the freight volume from last year by attracting new shippers, and plans to invest available resources to receive orders of new freight such as transformation equipment, plant equipment, large broadcasting equipment, etc.
Hyundai Glovis has the advantage of a service network that can cover most of the world, based on its 90 fleets, and through this, it can correspond to the schedules that the shippers request. Moreover, it is also expanding the business equipment used for loading bulk cargo, such as roll trailers, etc. When the break-bulk business grows in earnest as expected from this year, Hyundai Glovis’ non-affiliated sales expansion in marine transportation is expected to develop even faster.
It has recently completed marine transportation of thermal and wind power plant facilities from a global energy infrastructure company to Baltimore, USA, and Bremerhaven, Germany. The shipper chose the car carriers of Hyundai Glovis for a timely transportation of the freight instead of shipping containers.
Although various companies are participating in the world break-bulk business, there is no market-leading company. Hyundai Glovis, already competitive in marine transportation, steps in to strengthen the break-bulk business to expand the marine business competence and speed the sales diversification.
The amount of the global break-bulk cargo that Hyundai Glovis transported last year exceeds 13,500 TEU in 20-foot-containers. This year, it aims to double the freight volume from last year by attracting new shippers, and plans to invest available resources to receive orders of new freight such as transformation equipment, plant equipment, large broadcasting equipment, etc.
Hyundai Glovis has the advantage of a service network that can cover most of the world, based on its 90 fleets, and through this, it can correspond to the schedules that the shippers request. Moreover, it is also expanding the business equipment used for loading bulk cargo, such as roll trailers, etc. When the break-bulk business grows in earnest as expected from this year, Hyundai Glovis’ non-affiliated sales expansion in marine transportation is expected to develop even faster.
2021.04.01