South Korea’s Hyundai Glovis is adding four more pure car-truck carrier (PCTC) newbuildings to its growing fleet.

The Seoul-based logistics company says Ulsan-based Hyundai Heavy Industries (HHI) has been contracted to deliver the 6,500-car-equivalent-unit (ceu) ships in 2015.

“This is not a direct order,” said Jin-Ok Kim, senior vice president of Hyundai Glovis’s ocean-shipping group. “The ships were ordered through a Korean shipping fund and Hyundai Glovis will bareboat charter them for seven years with a purchase obligation when the contract ends.”

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