Sinokor buying spree nears 80 VLCCs valued at over $6bn as Hormuz crisis drives up values
- South Korean shipowner Sinokor has taken delivery of 72 VLCCs since launching its secondhand acquisition programme last December
- At least five more vessels are understood to be awaiting handover
- The buying spree, valued at almost $6bn, has made Sinokor the dominant tanker buyer by far this year and has benefited big shipowners including Dynacom, Frontline and CMB.Tech
The expansion has been supported by MSC-linked entities, while several newly acquired VLCCs have been deployed in the high-stakes Hormuz shuttle trade
