KRX:005880

Korea Line Wins KRW72.9 Billion Charter-Out Contract with Hyundai Glovis

Maritime transport company Korea Line (KRX:005880) has secured a 72.9 billion won long-term charter-out contract for one pure car and truck carrier with logistics company Hyundai Glovis (KRX:086280), according to a Wednesday filing with the Korea Exchange.The contract will run between Nov. 25, 2026, and March 10, 2032, which can be extended by an additional month at the charterer's option.Shares of Korea Line and Hyundai Glovis fell more than 2% and 6%, respectively, in recent trade.