(https://gmpg.org/xfn/11) (../../stackpath.bootstrapcdn.com/bootstrap/4.5.2/css/bootstrap.min.css) (https://ads.adthrive.com/) (https://ads.adthrive.com/) (https://ads.adthrive.com/) South Korean Shipowner Sinokor Dominates Hormuz Transits as Oil Flows Rebound   (index.html)                             (https://cdn.jsdelivr.net/)  (https://www.googletagmanager.com/)  (gCaptain » Feed) (https://gcaptain.com/feed/)  (gCaptain » Comments Feed) (https://gcaptain.com/comments/feed/)  (oEmbed (JSON)) (https://gcaptain.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fgcaptain.com%2Fsouth-korean-shipowner-sinokor-dominates-hormuz-transits-as-oil-flows-rebound%2F)  (oEmbed (XML)) (https://gcaptain.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fgcaptain.com%2Fsouth-korean-shipowner-sinokor-dominates-hormuz-transits-as-oil-flows-rebound%2F&format=xml)  (../wp-content/plugins/post-views-counter/css/frontend.css@ver=1.8.0.css)  (../wp-includes/css/dashicons.min.css@ver=7.1.3.css)  (../wp-content/themes/gCaptain-Theme/assets/css/all.min.css@ver=1.5.0.css)  (../wp-content/themes/gCaptain-Theme/css/main.css@ver=1.5.0.css)  (../../cdn.jsdelivr.net/npm/swiper@11/swiper-bundle.min.css@ver=11.0.css)  (../wp-content/themes/gCaptain-Theme/css/custom.css@ver=1.5.0.css)  (https://gcaptain.com/wp-json/)  (JSON) (https://gcaptain.com/wp-json/wp/v2/posts/259518)  (RSD) (https://gcaptain.com/xmlrpc.php?rsd)  (https://gcaptain.com/?p=259518)   (../wp-content/uploads/2018/04/gCaptain_200x200-100x100.jpg)  (../wp-content/uploads/2018/04/gCaptain_200x200-200x200.jpg)  (../wp-content/uploads/2018/04/gCaptain_200x200-200x200.jpg)    (https://gcaptain.com) (gCaptain-logo)    (https://gcaptain.com/advertise/) Advertise (https://forum.gcaptain.com) Forum (https://jobsite.gcaptain.com/) Jobs (https://gcaptain.com/subscribe/) Subscribe    (Search)   (https://gcaptain.com/join-the-club/?mt_source=PrimaryNavigation) Join The Club   (https://gcaptain.com/?memberful_endpoint=auth) (memberful-logo)    (https://gcaptain.com) (gCaptain-logo)    (index.html#)      (https://gcaptain.com/category/maritime-multimedia/video/) Video (https://gcaptain.com/category/shipping/) Shipping (https://gcaptain.com/category/offshore-news/) Offshore (https://gcaptain.com/category/maritime-defense-news/) Defense (https://gcaptain.com/category/ports/) Ports (https://gcaptain.com/category/shipbuilding-news/) Shipbuilding (https://gcaptain.com/category/incidents/ship-accidents/) Accidents (https://gcaptain.com/category/cruise-ship-news/) Cruise Ships      ×    (Search)   (https://gcaptain.com/advertise/) Advertise  (https://forum.gcaptain.com/) Forum  (https://jobsite.gcaptain.com/) Jobs  (https://gcaptain.com/subscribe/) Subscribe    (gc logo) Grab a Seat at the Captain’s Table Essential news coupled with the finest maritime content sourced from across the globe.  (https://gcaptain.com/join-the-club/?mt_source=HambugerNavigation) Sign Up (https://gcaptain.com/?memberful_endpoint=auth) Sign In   Don’t Miss Your Daily Briefing for the Maritime Industry Join the leading maritime news network — trusted by our 106,433 members  (user)   () (Enter your email)  ()  (Subscribe)        (https://www.facebook.com/gCaptain-27223368885/) (facebook)  (https://www.instagram.com/gcaptain) (instagram)  (https://twitter.com/gCaptain) (twitter)      (Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock)  Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock South Korean Shipowner Sinokor Dominates Hormuz Transits as Oil Flows Rebound (https://gcaptain.com/author/bloomberg/) Bloomberg Total Views: 479   October 23, 2026   By Weilun Soon Oct 23, 2026 (Bloomberg) –A little-known South Korean shipowner dominated oil transits through the Strait of Hormuz in September, data from intelligence firms suggest, with the group’s vessels moving more barrels than the next three owners combined. Ships owned by Sinokor Group carried 105.6 million barrels of crude through the waterway connecting the Persian Gulf with global markets, an analysis of ship-tracking and other data from intelligence firms Vortexa, Equasis and Signal Group showed. That’s equivalent to almost 40% of oil making the crossing last month. The next three players — the National Shipping Co. of Saudi Arabia, also known as Bahri, the Kuwait Oil Tanker Company, and Abu Dhabi National Oil Co.’s shipping unit — accounted for a combined 97.3 million barrels during the same period, according to Bloomberg calculations based on that data. The analysis considered ownership and not vessel operators. None of the four companies replied to requests for comment. Sinokor, owned by tycoon Ga-Hyun Chung, gained prominence from the early weeks of the Iran war, having amassed a huge tanker fleet in the run up to the conflict through purchases or time charters.   When Hormuz was all but closed off, those tankers were snapped up at exorbitant rates by producers who needed to load oil or risk running out of storage space and then being forced to undertake costly shutdowns. Read more: (https://www.bloomberg.com/news/articles/2026-03-14/iran-war-supercharges-secretive-korean-tycoon-s-big-tanker-bet) Iran War Supercharges Secretive Korean Tycoon’s Big Tanker Bet  As Gulf crude exports recover to close to pre-war levels, Sinokor is still among the most active owners in the so-called shuttling trade, with its vessels taking short trips to pick up oil from inside the Persian Gulf, sail through Hormuz and then discharge at ship-to-ship transfer points in the Gulf of Oman.  Its tankers have assisted in the transporting of crude from Saudi Arabia and the UAE, and more recently also dabbled in Iraq and Qatar shipments, ship-tracking data show.  Lloyd’s List first reported Sinokor’s dominance of September transits. © 2026 Bloomberg L.P. Tags:  (logo)  Subscribe for Daily Maritime Insights Sign up for gCaptain’s newsletter and never miss an update — trusted by our 106,433 members  (user)   () (Enter your email)  ()  (Subscribe)        (https://gcaptain.com/hd-hyundai-to-build-us-shipyard-with-kiewit-create-3000-jobs/)  Prev (https://gcaptain.com)  Back to Main (https://gcaptain.com/first-russian-diesel-from-putin-trump-deal-heading-for-us/) Next      (gCaptain-logo)   Stay Informed. Stay Connected.  Get The Daily Insights That Power Maritime Professionals Worldwide Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox — trusted by our 106,433 members  (user)   () (Enter your email)  ()  (Subscribe)     Have a news tip? (https://gcaptain.com/cdn-cgi/l/email-protection#82f6ebf2f1c2e5e1e3f2f6e3ebecace1edef) Let us know.    (gc logo) Stay Ahead with Our Weekly ‘Dispatch’ Email Dive into a sea of curated content with our weekly ‘Dispatch’ email. Your personal maritime briefing awaits!  (https://gcaptain.com/join-the-club/?mt_source=ArticleSidebar) Sign Up (https://gcaptain.com/?memberful_endpoint=auth) Sign In       Related Articles   (https://gcaptain.com/trump-administration-unveils-seafood-strategy-to-boost-u-s-fishing-fleet-and-domestic-production/) (A U.S. fishing boat with nets out on the water.)    (https://gcaptain.com/category/commercial-fishing-news/) Commercial Fishing  (https://gcaptain.com/trump-administration-unveils-seafood-strategy-to-boost-u-s-fishing-fleet-and-domestic-production/) Trump Administration Unveils Seafood Strategy to Boost U.S. Fishing Fleet and Domestic Production  The Trump administration on Friday unveiled its America First Seafood Strategy, outlining plans to strengthen the U.S. commercial fishing industry through regulatory reform, investment in fishing vessels and shoreside infrastructure,... 4 hours ago Total Views: 130      (https://gcaptain.com/marads-training-ship-success-offers-a-blueprint-for-u-s-shipbuilding/) (The NSMV II, named Patriot State. Photo courtesy Philly Shipyard)    (https://gcaptain.com/category/news/) News  (https://gcaptain.com/marads-training-ship-success-offers-a-blueprint-for-u-s-shipbuilding/) MARAD’s Training Ship Success Offers a Blueprint for U.S. Shipbuilding  The Maritime Administration (MARAD) recently embraced VCM when procuring a new generation of training ships for five of the six state maritime academies. To date, MARAD contractor TOTE Services has delivered four of the five vessels. 5 hours ago Total Views: 231      (https://gcaptain.com/rare-russian-diesel-shipment-expected-to-arrive-in-norfolk-on-november-2/) (PVT AZURA)    (https://gcaptain.com/category/news/) News  (https://gcaptain.com/rare-russian-diesel-shipment-expected-to-arrive-in-norfolk-on-november-2/) Rare Russian Diesel Shipment Expected in Norfolk November 2, Ahead of Tanker Bound for New York  A tanker carrying Russian diesel is expected to arrive in Norfolk, Virginia, on November 2, potentially becoming the first such shipment to reach the United States in more than three... 8 hours ago Total Views: 520        (logo)  Get The Industry’s Go-To News Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news — just like 106,433 professionals  (user)   () (Enter your email)  ()  (Subscribe)          (close)   ()    Secure Your Spot on the gCaptain Crew  Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox — trusted by our 106,433 members  (user)   () (Enter your email)  ()  (Subscribe)            (gCaptain-logo)    The Go-To Source for your Daily Maritime and Offshore News Stay informed with the latest maritime and offshore news, delivered straight to your inbox — trusted by our 106,433 members.  (user)   () (Enter your email)  ()  (Subscribe)      (https://www.facebook.com/gCaptain-27223368885/) (facebook)    (https://www.instagram.com/gcaptain) (instagram)    (https://twitter.com/gCaptain) (twitter)       Information  (https://gcaptain.com/about/) About  (https://jobsite.gcaptain.com/) Careers  (https://gcaptain.com/advertising/) Advertise with gCaptain  (https://gcaptain.com/about/privacy-policy/) Privacy Policy    Contacts  For general inquiries and to contact us,please email: (https://gcaptain.com/cdn-cgi/l/email-protection#deb7b0b8b19eb9bdbfaeaabfb7b0f0bdb1b3) [email protected]   To submit a story idea or contact our editors, please email: (https://gcaptain.com/cdn-cgi/l/email-protection#35415c4546755256544541545c5b1b565a58) [email protected]   For advertising opportunities contactEmail: (https://gcaptain.com/cdn-cgi/l/email-protection#4e0327252b032d0a21202f222a0e292d2f3e3a2f2720602d2123) [email protected]  Phone: +1.805.704.2536.     (054c6ebb6e) (https://gcaptain.com/wp-admin/admin-ajax.php) x (polygon icon) (polygon icon)   (gc logo) Your Gateway to the Maritime World!  Essential news coupled with the finest maritime content sourced from across the globe. (https://gcaptain.com/join-the-club/?mt_source=ClubPopup) Sign Up     ()