Kia News

Chinese shipyard Guangzhou Shipbuilding International (GSI) has received an order for four MAN B&W 8S60ME-GI engines in connection with the building of four 10,800 CEU pure car and truck carriers (PCTC) for South Korean shipping owner, HMM Co. Ltd.CSIC Diesel Engine Co. Ltd (CSE) will build the Mk10.5 dual-fuel -GI (-gas injection) engines in China, which will feature exhaust gas recirculation (EGR) emissions-reduction technology for Tier III NOx compliance.Upon delivery, the PCTCs will go out on charter to Hyundai Glovis Co.…

VesselsValue's head cargo analyst, Olivia Watkins, has compiled a list of the world's top ship owning nations ranked by total fleet value.ChinaChina has moved up from second in January to firs place this time, owning a total of $191 billion in assets.China owns the largest number of containerships and, consequently, the recent surge in rates and values has moved them up the ranks to top spot in terms of fleet value. The increase in rates has also prompted an ordering spree across the container sector, as owners’ confidence in the market exploded.

Kia Motors Manufacturing Georgia has announced the Telluride, its new eight-passenger SUV, will be shipped to the Port of Brunswick for global markets this month.“The launch of the Kia Telluride, our largest and most refined SUV to date, will be a monumental achievement for KMMG,” said Countess. “From the support we receive from GPA with our inbound parts from our global supply chain to supporting our export of finished vehicles to current and future markets, GPA will play an important role.”Through vertical integration – parts in via Savannah, autos out via Brunswick – Kia takes advantage of Georgia’s extensive road and rail infrastructure…

A total of 74 crews including boat captains were apprehended by the joint personnel from Monitoring Control and Surveillance (MCS) 3004 vessel manned by the Philippine Coast Guard (PCG) and Bureau of Fishery and Aquatic Resources (BFAR) Region 5, and Coast Guard Station (CGS) Masbate in coordination with Local Government Units onboard five (5) Danish Seine (Hulbot-Hulbot, Buli-Buli) fishing vessels at vicinity Balud, Jintotolo and Zapatos Islands along Sibuyan Sea in Masbate yesterday, May 12. While conducting maritime patrol at the vicinity, personnel from MCS 3004 sighted said hulbot-hulbot vessels while illegally fishing using Danish Seine method on said islands along Sibuyan Sea.

Following Australia's move to ban the containership MSC Kia Ora for unpaid crew wages, MSC Mediterranean Shipping Company said in a statement that it does not oversee the maintenance, or the workforce, of the chartered banned vessel, Kia Ora. The statement follows the news that the Australian Maritime Safety Authority (AMSA) has banned the Liberian-flagged containership MSC Kia Ora from entering or using Australian ports for three months. According to AMSA, the ship's operator Vega-Reederei failed to ensure that crew were paid their wages in full and on time, and that critical equipment was maintained. "MSC is not the target of a recent Australian Maritime Safety Authority instruction about crew wages: this is directed to the owner of this vessel.

Liberian-flagged containership MSC Kia Ora has been banned from Australian ports for three months after the operator failed to ensure crew were paid their wages in full and on time, and that critical equipment was maintained. The ban was issued by the Australian Maritime Safety Authority (AMSA), who inspected the ship in the Port of Brisbane on March 14, 2018 after receiving a complaint which alleged that crew had been underpaid. During the inspection AMSA found evidence that crew had been underpaid from November 2017 to February 2018 and were owed more than AU$53,000 (US$40,800).

Hyundai Glovis, a logistics company headquartered in Seoul and part of the Hyundai Kia Automotive Group, has secured 1.42 trillion won (US$1.3 billion) in orders to ship vehicles, said a report in RTT News. The auto freight unit of South Korea's Hyundai Motor Group quoted as saying that the orders are to ship vehicles built by Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. The report said that, under the two separate deals, Hyundai Glovis said it is set to ship Hyundai and Kia cars to the United States, Europe, the Middle East and Asia until December 2019. The two deals cover up to 60 percent of Hyundai and Kia's exports, respectively. Last year, Hyundai Glovis signed a share purchase agreement with Eusu Ship Management Co., Ltd.

A silver Hyundai Genesis rolling down the ramp of the Wallenius Wilhelmsen vessel Isolde became the 5 millionth vehicle handled by International Auto Processing at the Port of Brunswick. “On behalf of the GPA, I would like to congratulate IAP, a long-time partner at the Port of Brunswick,” said Georgia Ports Authority Executive Director Curtis Foltz. International Auto Processing began its Colonel’s Island operation in 1986, with its first shipment of 567 Yugos (all in red). “Over the years, more and more carmakers have seen the value in using Colonel’s Island as a gateway to the Southeastern U.S. market, helping IAP and the Port of Brunswick to achieve phenomenal growth over three decades as a ro/ro facility,” said Robert Miller, president and CEO of International Auto Processing.

Port Officials and Global Auto Processing Services (GAPS) executed a fifth modification of its 2007 contract extending their agreement for an additional five years through January 31, 2019. The Port welcomed GAPS for the first time in March 2007. Port CEO and Executive Director Kristin Decas noted at the announcement, “In addition to GM and U.S. manufactured Honda exports, GAPS partners with logistics provider Glovis USA, (the logistical arm of Hyundai/Kia), to handle the Hyundai and Kia family of Korean manufactured automobiles. We greatly value this partnership and look forward to many more years as partners”.

Inchcape Shipping Services (ISS), a maritime services provider, has received a global award for best agency from EUKOR, a shipping company specializing in car transportation and other rolling cargo. The award for ‘Best in Vessel Operation’ to ISS Philadelphia followed a full supplier evaluation and was awarded for its quality of port captain service, operations, logistics and outstanding contribution to EUKOR. ISS provides agency services for EUKOR across the U.S. Gulf, East Coast and Canada. For the U.S.

The Port of Hueneme, California, realized the best cargo year it its 76 year history announcing all-time increases in import/export trade. The total tonnage for FY 2012-2013 jumped to 1,438,596 metric tons representing a 9.2% increase over FY 2011-2012, and a 2.8% increase over the Port’s previous record of 1,399,670 metric tons set in FY 2005-2006. This represents a continuing path to economic recovery bringing the Port beyond trade levels realized prior to the economic downturn. Port Commission President Jason Hodge comments on the rising figures, “The success of the Port ties directly to our community and strategic partners. The growth in freight activity was seen in the Port of Hueneme’s niche markets of automobiles…

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the Board of Directors is recommending that the company's shareholders approve at the 2011 Annual General Meeting the election of Steve Lucas as a Class III Director for a three-year term. Mr. Lucas is the retired Group Finance Director of National Grid plc and has previously served in a variety of finance roles with the Lattice Group plc., the BG Group plc and Royal Dutch/Shell. -- The re-election of Ian C. Strachan and Martin B. McNamara as Class III Directors for three-year terms. -- The election of Jagjeet S.

Hyundai Heavy Industries was down 4,500 won or 1.2 percent at 380,000 won, Samsung Heavy Industries was off 600 won or 1.9 percent to 30,400 won and Daewoo Shipbuilding & Marine Engineering fell 300 won or 0.8 percent to 39,300 won. Hyundai Motor was down 1,300 won or 1.9 percent at 67,600 won and Kia Motors down 50 won or 0.5 percent at 10,400 won. The mainboard KOSPI was down 0.5 percent. Fears are mounting that key steel makers could jack up product prices to reflect higher cost of raw materials, including iron ore and coal. POSCO and Nippon Steel said Monday that they have agreed to a 65 percent increase in iron ore contract prices with Brazil's Companhia Vale do Rio Doce, which will set a global benchmark.

Expanding the Suezmax fleet and greater involvement in carrying oil products are among the ambitions being pursued by theTeekay Tanker Services (TTS) business unit of Teekay. "At the same time, we're working to expand our strong Aframax position," said TTS Vice President Peder Farmen, who heads the product transport sector of TTS from the group's Norwegian office in Stavanger. Teekay's conventional shipping operations in Norway have further diversified the company's fleet, the majority of which is comprised of Aframax vessels. Since Teekay's acquisitions of Bona Shipholding in 1999, Ugland Nordic Shipping in 2001 and Navion in 2002, Teekay has established itself as a leading tanker operator in the North Sea and Atlantic, in addition to the Pacific.

Representatives from Wilh. Wilhelmsen ASA (WW) and Wallenius Lines AB (OW) on August 10, 2002 signed the agreement with Korea’s Hyundai Merchant Marine Co., Ltd. (HMM) on the acquisition of HMM’s car carrier division. The terms of the agreement include long-term exclusive contracts with Hyundai Motor Company (HMC) and Kia Motor Corporation (KMC) on shipping their car exports for an initial five-year period, with provision for extensions. The newly-established company, which will acquire HMM’s car carrier division, will be incorporated in Korea, with WW and OW together holding 80 percent and with HMC and KMC together holding 20 percent. The price for the acquisition will be $1.3 billion plus the assumption of future vessel charter obligations.