Hankook inks deal to secure stable logistics services

Neu-Isenburg, Germany – Hankook Tire is partnering up with German shipping company Hapag-Lloyd AG to strengthen its logistics capabilities amid the ongoing ocean freight crisis. 

“In order to pull through these difficult times, Hankook has signed a long-term contract with Hapag-Lloyd,” said Hankook in a 9 Dec statement. 

Under the agreement, Hapag-Lloyd will provide "a stable supply of shipping containers as well as sustainable logistics services" from 2022 to 2024. 

Described by Hankook as “the world’s fifth largest liner shipping company”, Hapag-Lloyd provides liner services between all continents and operates 257 ships.

It is also claimed to be “an environmentally oriented company that seeks to conserve global resources.”

“This long-term agreement will help enhance Hankook’s export capacity and stabilise our global supply chain amid a volatile environment,” said Sooil Lee, president and CEO of Hankook Tire & Technology. 

“We believe this strategic cooperation will ensure a resilient ecosystem which will further fortify our global competencies, especially in times of uncertainty,” he added.