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2013-01-07 08:49
Glovis signs long-term deal with Hyundai Oilbank
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Hyundai Glovis announced that the company entered into a transportation contract with Hyundai Oilbank Singapore on December 28.
The Korean carrier made a long term CVC (Consecutive Voyage Charter) deal. Glovis will carry Hyundai Oilbank's crude oil for 10 years from July 1st, 2014 from Saudi Arabia to South Korea.
The contract is valued at KRW 1.1 trillion, which is equivalent with 14.72% of Glovis' revenue in 2011. < 김보람 기자 brkim@ksg.co.kr >
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