On August 31 (local time), news emerged that two oil tankers passing through the Strait of Hormuz were attacked by unidentified projectiles. Major international media, including the Financial Times, reported on September 2 that one of the targeted vessels, the Liberia-flagged *Senegal Prosperity*, was owned by Janggeum Maritime (Sinokor), an affiliate of South Korean shipping ...
Janggeum Maritime, an affiliate of South Korean shipping company Sinokor Merchant Marine, has reportedly profited from pre-war investments in very large crude carriers (VLCCs) in the Strait of Hormuz. On August 31, two oil tankers, one of which was the Liberia-flagged *Senegal Prosperity* owned by Janggeum Maritime, were attacked by unidentified projectiles.
The vessel was carrying crude oil from Saudi Arabia to China and was not under the direct management of the South Korean government. The incident has once again brought attention to Sinokor Merchant Marine's presence in the volatile Strait of Hormuz, a critical route for oil shipments. The company has grown rapidly, ranking 32nd in South Korea's conglomerate rankings with assets worth 21.01 trillion Korean won and 29 subsidiaries.
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