BR100 Increased By (0.36%)
BR30 Decreased By (-0.13%)
KSE100 Increased By (0.22%)
KSE30 Increased By (0.37%)
AGHA 6.68 Increased By ▲ 0.01 (0.15%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 57.32 Increased By ▲ 0.88 (1.56%)
BOP 30.35 Increased By ▲ 0.01 (0.03%)
CNERGY 13.12 Increased By ▲ 0.03 (0.23%)
CSIL 5.41 Increased By ▲ 0.05 (0.93%)
FCCL 52.79 Increased By ▲ 0.41 (0.78%)
FFL 14.72 Decreased By ▼ -0.02 (-0.14%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.09 No Change ▼ 0.00 (0%)
KOSM 5.73 Increased By ▲ 0.77 (15.52%)
LOTCHEM 26.46 Decreased By ▼ -0.89 (-3.25%)
MLCF 93.16 Increased By ▲ 0.41 (0.44%)
NBP 164.66 Decreased By ▼ -0.32 (-0.19%)
NCPL 55.66 Increased By ▲ 0.02 (0.04%)
NPL 61.16 Decreased By ▼ -0.10 (-0.16%)
OGDC 316.73 Decreased By ▼ -1.03 (-0.32%)
PACE 9.87 Decreased By ▼ -0.06 (-0.6%)
PAEL 35.63 Increased By ▲ 0.13 (0.37%)
PIBTL 14.68 Increased By ▲ 0.11 (0.75%)
PPL 226.91 Decreased By ▼ -0.88 (-0.39%)
PRL 93.02 Increased By ▲ 0.45 (0.49%)
PTC 60.26 Decreased By ▼ -0.37 (-0.61%)
SSGC 23.81 Increased By ▲ 0.01 (0.04%)
TBL 8.75 Increased By ▲ 0.07 (0.81%)
TELE 7.80 Increased By ▲ 0.02 (0.26%)
TPL 22.35 Increased By ▲ 0.12 (0.54%)
TPLP 12.97 Increased By ▲ 0.30 (2.37%)
TREET 22.16 Decreased By ▼ -0.38 (-1.69%)
TRG 56.56 Decreased By ▼ -1.24 (-2.15%)
World

Tankers exit Strait of Hormuz with 6 million barrels of crude oil

  • The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships to use
Published Updated
Photo: Reuters
Photo: Reuters
By

SINGAPORE: Two supertankers exited the Strait of Hormuz on Wednesday while another is making its way out, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude oil onboard, shipping data on LSEG and Kpler showed.

The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships to use.

The US-Israeli war on Iran which began on February 28 has severely curtailed shipping through the Strait of Hormuz, through which around one fifth of the world’s supply of oil and energy normally flows. South Korean-flagged Very Large Crude Carrier (VLCC) Universal Winner, carrying 2 million barrels of Kuwaiti crude loaded on March 4, is exiting the strait following the departure of two Chinese tankers earlier on Wednesday, the data showed.

Kpler data showed the tanker is heading to Ulsan to discharge its cargo on June 9.

A spokesperson for HMM, the owner and manager of the VLCC, could not be immediately reached for comment.

Chinese-flagged VLCC Yuan Gui Yang loaded 2 million barrels of Iraqi Basrah crude on February 27, a day before the US-Israeli war on Iran started, the data showed.

The vessel, chartered by Unipec, the trading arm of Asia’s largest refiner Sinopec, is expected to reach Shuidong Port near Maoming city in southern Guangdong province, on June 4 to discharge its cargo, according to the data.

Hong Kong-flagged VLCC Ocean Lily loaded 1 million barrels each of Qatari al-Shaheen and Iraqi Basrah crude between late February and early March, the data showed.

OPEC oil output hits new low in April on Hormuz export disruption, Reuters survey finds

The vessel, owned by Chinese major Sinochem, is expected to reach Quanzhou Port in eastern Fujian province on June 5 to discharge its cargo.

Sinopec, Sinochem and Cosco Shipping, who own and manage Yuan Gui Yang, did not immediately respond to requests for comment.

Last week, VLCC Yuan Hua Hu exited the strait with 2 million barrels of Iraqi oil and headed for eastern China’s Zhoushan Port. Separately, Cypriot-flagged VLCC Grand Lady has entered the Strait of Hormuz with its transponder off, LSEG data showed.

The empty tanker is currently sailing past Iran’s Larak Island, LSEG data showed.

The tanker’s manager Eastern Mediterranean Maritime could not be immediately reached for comment.  ‑Reuters

Comments

200 characters remaining