EUKOR

EUKOR

Industry	Transport
Founded	2002
Headquarters	Lotte World Tower, Seoul
Number of employees	480
Website	www.eukor.com

EUKOR is a South Korean specialised

The company is owned by Wilh. Wilhelmsen along with Wallenius Lines, Wallenius Wilhelmsen Logistics, American Roll-on Roll-off Carrier, and United European Car Carriers.

History

The company was established in the 1980 as the

In 2015, China fined EUKOR 284 million yuan ($42.5 million) for engaging in a cartel. A similar fine was applied to its sister company WWL.^[6]

In April 2017, a new ownership structure was created under which Wallenius Wilhelmsen Logistics, EUKOR and American Roll-on Roll-off Carrier were be merged. The new company will be called Wallenius Wilhelmsen Logistics ASA.^[7]

Accidents

On May 24, 2004, the EUKOR operated vessel Hyundai No.105, sailing from South Korea to Germany, collided with a Japanese very large crude carrier (VLCC) close to

On January 6, 2010, the British flagged mv Asian Glory, carrying about 2,400 cars, most of them new Hyundai and Kia models, was sailing from South Korea to Jeddah, Saudi Arabia when it was captured by Somali pirates in the Gulf of Aden.^[9] Asian Glory had a crew of 25, including 8 Bulgarians and 5 Indians, who were finally released in June 2010 following a ransom payment of an undisclosed amount that intelligence reports indicated was close to the $15 million that the pirates were demanding; allegedly, an amount similar to the ship's hull insurance cost and the value of the cargo on board.^[10]

On April 19, 2014, a fire started on mv Asian Empire off the coast of Japan, when the vessel was en route from Ulsan to Balboa, Panama. All 24 members of the crew had to be evacuated.^[11] A second fire broke out hours later; the reasons were investigated but remained unclear. Two salvage tugs had to be hired to tow the vessel to China for dry docking.

In 2016, Brazilian regulators raised a similar claim and required EUKOR to pay 15.9 million

On 28 May 2019, while alongside Ulsan port, a sudden fire broke out on a car deck of the EUKOR operated mv Platinum Ray. The immediate action of the crew and fire brigades could contain the fire and extinguish it within five hours, limiting the damage to only 69 cars of the over 2,000 stowed on board.^[16]

Operations and Services

The company tonnage comprise 80 PCC-PCTC vessels transporting about 4 million cars annually, mainly from South Korea to the US and Europe.

The main business consists in the maritime transport and distribution of cargo such as automobiles, trucks, trailers,

Since 1999, when mv Asian Destiny was launched, the fleet started to include ships capable of carrying over 6,000 cars per voyage.^[17]

Over half of the fleet's vessels include the word "Morning" in the first part of their names. The tonnage name idea is linked to the fact that Korea started to be internationally referred as "the Land of Morning calm",^[18] and its ruling monarchy the Joseon, became known abroad as the "Morning Dynasty", when a book written in 1886 by Percival Lowell obtained large success in the United States in narrating the history of the country.

See also

• American Roll-on Roll-off Carrier
• Wilh. Wilhelmsen
• Hyundai Glovis
• Nippon Yusen Kaisha
• Siem Shipping
• United European Car Carriers
• KESS - K Line Europe Short Sea
• MV Asian Glory

Ships gallery

• 
  Asian King
• 
  Morning Concert
• 
  Morning Caroline
• 
  Morning Classic
• 
  Morning Conductor
• 
  Morning Margareta
• 
  Morning Melody
• 
  Morning Lena

References

Wikimedia Commons has media related to EUKOR Car Carriers.