Sinokor

Sinokor offers crews six months’ extra pay to sail through Strait of Hormuz

South Korea's Sinokor Group, the world's largest supertanker owner, has offered seafarers an additional six months of salary on top of their base pay for a single round-trip voyage through the Strait of Hormuz to load crude oil from Saudi…

Sinokor made millions running dark oil shuttles through Hormuz

As the Iran war choked off the world's most important oil chokepoint, a South Korean shipping company quietly became one of the conflict's biggest commercial winners. Sinokor Group, controlled by the reclusive tycoon Chung Ga-hyun, leased supertankers to Abu Dhabi…

Supertanker booked at record 897% of benchmark rate amid Persian Gulf vessel shortage

A supertanker operated by South Korean shipowner Sinokor has been provisionally booked to transport crude oil from the Persian Gulf to India at 897 Worldscale points — nearly nine times the standard freight benchmark and the highest single fixture recorded…