Little-known South Korean shipowner dominates Hormuz transits as oil flows rebound
Ships owned by Sinokor Group carry close to 40% of oil crossing through the strait in September
In September, a relatively unknown South Korean shipowner, Sinokor Group, held significant sway over oil transits through the Strait of Hormuz, according to data from intelligence firms. The group's vessels transported 105.6 million barrels of crude, accounting for nearly 40 percent of the oil crossing the waterway that connects the Persian Gulf with global markets.
The following three entities – National Shipping of Saudi Arabia (Bahri), Kuwait Oil Tanker Company, and Abu Dhabi National Oil's shipping unit – collectively moved 97.3 million barrels during the same period.
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