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COSCO SHIP ENGY Subsidiary's Supertanker Reportedly Attempts to Exit Hormuz
2026-05-13 15:36:36 On Wednesday (13th) morning, a Chinese oil supertanker "Yuan Hua Hu" owned and operated by a subsidiary of COSCO SHIP ENGY (01138.HK) was spotted navigating in the Strait of Hormuz and appeared to be sailing out of the Persian Gulf, Bloomberg, citing vessel-tracking data, reported. This rare attempt to transit Hormuz came on the eve of talks between US President Donald Trump and Chinese President Xi Jinping. Since the outbreak of the Iran war, this marks only the third time that a Chinese supertanker has attempted to pass through Iran to transport crude oil. For years, Chinese state-run refiners have been major buyers of Iranian crude, providing important financial support to the country. ~ AASTOCKS Financial News Website: www.aastocks.com | |