Robert.Jervis_43227 Jan 16

Stena and Hyundai Glovis to set up short-sea car-carrier JV

Stena and Hyundai Glovis to set up short-sea car-carrier JV image

Stena Rederi, a part of Swedish shipping company Stena AB, and Hyundai Glovis Europe are looking to team up in a European car carrier joint venture

The companies have filed a merger application with the European Commission’s competition authorities for the unnamed joint venture.

Created through the purchase of shares, the new unit would mainly operate short-sea transport services on pure car and truck carrier (PCTC) vessels in Europe.

The provisional deadline for approval from the European Commission for the latest venture is 13 February 2019