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April 24, 2024

Hyundai Glovis cinches W209.8b deal with GS Caltex

PUBLISHED : December 11, 2017 - 09:04

UPDATED : December 11, 2017 - 09:04

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[DISCLOSURE] Hyundai Glovis (086280) announced on Dec. 8 that it has signed a 209.82 billion won (US$192.15 million) contract with GS Caltex for a mega crude oil carrier transportation. 

This amounts to 1.4 percent of its 2016 revenue and the contract is valid for 10 years. 

By Hwang You-mee (glamazon@heraldcorp.com)

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