South Korean Shipping Company Sinoco Leases VLCCs to ADNOC, Generates Estimated 180 Billion Won Since April

According to Bloomberg, South Korean mid-sized shipping company Sinoco has leased very large crude carriers (VLCCs) to Abu Dhabi National Oil Company (ADNOC) since mid-April, generating an estimated 180 billion Korean won in revenue amid the ongoing volatility surrounding the Strait of Hormuz.
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