Glovis Shipping Accident Hinders Kia’s Growth, Exacerbates Hyundai’s Woes — Panjiva
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Glovis Shipping Accident Hinders Kia’s Growth, Exacerbates Hyundai’s Woes

Cons. Discr. - Autos 1246 Coronavirus 511 Corp - Shipping 1025 Mode - Seaborne 1845 U.S. 5398

The Hyundai Glovis operated car carrier “Golden Ray” has caught fire and capsized outside of the Port of Brunswick, Ga., marking a sadly not uncommon – but thankfully declining – shipping accident. International Maritime Organization figures shows total shipping incidents globally fell 83.4% year over year in the 12 months to Jun. 30, while fire-related events fell 21.4%. The vehicles lost likely belong to Glovis’s sister firms Hyundai Motor and Kia Motor. There’s been a marked increase in U.S. seaborne imports associated with Kia with a 27.3% year over year increase in the three months ...

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