Oil Tankers Make Fortunes During War as Sinokor Dominates

By Alex Longley and Archie Hunter (Bloomberg) — The world’s oil supertankers are making unprecedented sums sailing from the Persian Gulf as Iran keeps attacking ships — with one South Korean shipowner in particular profiting from the situation.

Ships hauling cargoes from Saudi Arabia to China were pulling in a record $656,000 a day on Friday, more than ten times the rate a year earlier, according to Baltic Exchange data. There are signs that export volumes within the Persian Gulf are rising, adding to a clamor for ships to pick up oil inside the Strait of Hormuz. Few owners