Wilhelmsen and Hyundai Glovis deepen ties

This new phase of the relationship, which has been in place since 2004, will see the companies work together to explore both short and longer-term opportunities such as those within the global gas shipping market, along with conducting research into alternative vessel fuels.

“We have always been interested in leveraging potential synergies between the two companies, but it’s our shared focus on developing hydrogen as a fuel for the future that has acted as the real catalyst,” said Thomas Wilhelmsen, chief executive of the Wilhelmsen group said. “Starting an in-depth discussion, which has unlocked a number of areas where we can share competence, expertise and ambition, this framework agreement is just the beginning,” he added.

Wilhelmsen Ship Management has more than twenty-five years’ experience in the gas shipping market, managing both LNG and LPG vessels. The company will provide management expertise on technical areas such as ballast water and scrubbers as well as sharing its digital initiatives for potential trial on board Hyundai Glovis vessels.

Hyundai Glovis will also look for opportunities to cooperate with Wilhelmsen’s agency division to achieve operational efficiencies across its global port operations.