Korean shipping company Changjin Merchant Marine led oil transportation through the Strait of Hormuz in September, accounting for about 40% of the total volume.

(1) According to data from market intelligence agencies, in September, a little-known South Korean shipowner dominated oil transportation in the Strait of Hormuz, with its fleet transporting more oil than the combined total of the next three leading shipowners. (2) Based on vessel tracking and other data analyses provided by Vortexa, Equasis, and Signal Group, ships owned by Sinokor Group transported 105.6 million barrels of crude oil through this route, accounting for about 40% of the total oil transported via the route last month. (3) According to calculations based on the above data, the next three companies—Bahri (Saudi National Shipping Company), Kuwait Oil Tanker Company, and the shipping division of Abu Dhabi National Oil Company (ADNOC)—collectively transported 97.3 million barrels during the same period. This analysis is based on ship ownership rather than ship operators.