Hyundai Glovis Orders Four

South Korean shipper Hyundai Glovis is continuing with its annual fleet renewal program with the latest order for four new car carriers.

The company, a subsidiary of Hyundai Motor Group, will spend approx. $298 million on the vessels to be built at an unnamed yard.

According to Glovis’ regulatory filing to the Korea Stock Exchange, delivery deadline for the newbuildings is set for March 2016.