# VLCC

How a Korean Shipowner Turned War‑Time Tanker Shortage into a Billion‑Dollar Gamble

Sinokor has rapidly accumulated roughly 150 VLCCs and locked in Persian Gulf charters paying about $500,000 per day, turning wartime tanker scarcity into a highly profitable but risky strategy. The fleet consolidation has pushed freight rates higher, raised questions about funding ties with MSC, and drawn regulatory and geopolitical scrutiny.