According to industry sources on June 4, Hyundai Glovis recently signed an agreement with the Port of Amsterdam Authority to build a European finished vehicle supply chain hub. The signing ceremony was attended by Lee Kyu-bok, CEO of Hyundai Glovis, and Koen Overtoom, CEO of the Port of Amsterdam Authority.
Under the agreement, Hyundai Glovis will develop a dedicated logistics base on a 480,000-square-meter site at the Port of Amsterdam. The facility will include berths capable of accommodating up to three car carriers simultaneously, a yard that can store over 20,000 vehicles, and quality inspection facilities before delivery. Plans also include utilizing rail connections for transportation.
The terminal is set to begin operations in January 2027, managed by Hyundai Glovis Europe (GEU). This marks the first time Hyundai Glovis has secured a dedicated port facility for finished vehicle logistics in Europe.
Hyundai Glovis plans to offer a one-stop logistics service connecting the port and inland areas. Vehicles imported into Europe will undergo unloading, storage, and quality checks before being delivered to dealers across the continent. Similarly, vehicles produced locally in Europe will be transported inland to the Port of Amsterdam for storage and shipping.
The logistics hub at the Port of Amsterdam is expected to become a global export gateway for finished vehicles. According to the European Automobile Manufacturers Association (ACEA) and Eurostat, the volume of vehicle exports and imports in Europe is projected to rise from 10 million units in 2025 to 11.4 million in 2028 and 12.4 million by 2030. Notably, Germany and the Benelux countries account for approximately 28% of total demand in Europe.
Hyundai Glovis is expanding its global automotive logistics network by establishing dedicated terminals at Pyeongtaek Port and a finished vehicle yard at the Port of Philadelphia in the United States.
Lee Sang-jin, head of Hyundai Glovis Europe, stated, "We plan to develop Amsterdam into a European finished vehicle supply chain hub encompassing vehicle storage, quality inspection, delivery, and inland transportation. We will provide our clients with more stable and efficient integrated logistics services."
Meanwhile, Hyundai Glovis reported that its distribution segment revenue for the first quarter of this year reached 3.87 trillion won, a 10.3% increase compared to the same period last year. Industry analysts attribute this improvement to increased demand for parts transportation due to the expansion of semi-knocked down (CKD) production by domestic automakers.
* This article has been translated by AI.
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