Hyundai Glovis, LGL explore SMR-powered car carrier route

Hyundai Glovis and U.S.-based Liberty Global Logistics (LGL) have signed a memorandum of understanding to jointly explore the possibility of operating a small modular reactor (SMR)-powered pure car and truck carrier (PCTC) between Korea and the United States. This agreement was signed on September 30 at LGL's headquarters in Jericho, New York, with Kim Tae-woo, executive vice president of Hyundai Glovis Logistics Business Division, and David Minetti, president of LGL, among the officials present from both companies.

The collaboration will involve assessing port conditions, regulations, and operational requirements in Korea, while LGL will review the U.S. regulatory and operating environment. The companies will also study vessel development and construction, flag-state and classification requirements, and commercialization strategies. An SMR-powered vessel could enable long-term operations with minimal carbon emissions and without frequent refueling.

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