Established to focus on the coastal shipping business in 1989, KMC (Kwangyang Marine Corporation) is leading the domestic and international shipping industry with its technology, experience, and creativity.
With a total of 17 carriers (4 steel carriers, 7 RO-RO steel carriers, 4 general cargo carriers, and 2 heavy cargo carriers) including exclusive vessels for steel products produced at the Gwangyang steel mill, KMC has dedicated itself to the transportation of high-priced steel products to general bulk cargoes.
In 1990, for the first time in the history of Korea, KMC developed and introduced steel carriers for the transportation of coil-type steel products. With ceaseless study, RO-RO steel carriers with up-to-date loading and unloading system which drastically lower distribution cost and used in shipping POSCO steel products were built 1997.
To diversify the business, KMC closed a heavy cargo shipping collaboration contract with Hanjin Co., Ltd and secured shipping equipment and ships creating a bridgehead to enter the heavy cargo shipping market. In 2009, the company established a larger presence in China, Hong Kong, and Japan, resulting in successful outer harbor shipping. A coil shipping contract for U.S. UPI export in 2011 also validated KMC as an international shipping company.
While POSCO steel cargo accounts for around 70% of sales, KMC is consistently enhancing its competitiveness through specialization in the limestone shipping and bulk cargo sector. In November 2019, KMC received a 20-year long-term contract for Hyundai Oilbank’s Cokes, expanding its business sector to bulk cargo transportation. KMC will keep diversifying its business area through contracts with Korea Electric Power Corporation (KEPCO) Dongkuk Steel Mill, Dongbu Steel Mill, and Hyundai Steel.