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Chinese supertanker exits Strait of Hormuz after two months stranded in Gulf

From investinglive.com

A Chinese supertanker carrying nearly two million barrels of Iraqi crude has sailed through the Strait of Hormuz after spending more than two months stranded in the Gulf, in the third known Chinese tanker transit of the critical waterway since the U.S.-Israeli war with Iran began in late February. The Very Large Crude Carrier Yuan Hua Hu transited the strait on Wednesday and was tracked heading toward Zhoushan in eastern China on Thursday, with ship-tracking data from LSEG and Kpler showing an expected arrival of June 1. The vessel briefly anchored off the Gulf of Oman near the area where the U.S. Navy established a ... (full story)

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  • Category: Fundamental Analysis