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. The 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.

Hyundai Glovis will evaluate port conditions, regulations, and operational requirements in Korea, while LGL will assess the U.S. regulatory and operating environment. The collaboration will also focus on vessel development, construction, flag-state and classification requirements, and commercialization strategies, with the potential for long-term, low-emission operations.

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