Sinokor Maritime Sends Tankers Back Into Hormuz as Others Flee

According to shipping trade publication TradeWinds on Tuesday, Sinokor Maritime, the world's largest owner of very large crude carriers (VLCCs), sent two of its vessels through the Strait of Hormuz into the Gulf on Sunday. During that single day, 12 tankers left the strait, while only seven vessels entered, including Sinokor Maritime's two ships. On Monday, only seven vessels were observed leaving the strait, with no tankers entering, reflecting the market's overall caution. This week, only three mainstream tankers have transited the Strait of Hormuz to enter the Gulf, including Sinokor Maritime's two.