
The exit of the three very large crude carriers (VLCCs) came on the same day that Iran confirmed it had allowed 26 vessels to transit the strait – a hefty uptick compared with the level of traffic Iranian forces have generally permitted since the war began.
Advertisement
But analysts cautioned that it was too early to tell whether the latest announcements were a one-off or the start of a broader trend.
The three supertankers were carrying a combined 6 million barrels of oil out of the Persian Gulf, data from shipping database myvessel.cn showed. They were likely allowed to exit without paying Iran a toll, according to industry insiders and a government statement.
The Chinese VLCCs involved are the Yuan Gui Yang, owned by the state-run Cosco Shipping Energy Transportation, and the Ocean Lily, which is a Hong Kong-flagged vessel owned by a firm managed by a subsidiary of the Chinese energy giant Sinochem Corporation.
Advertisement
The Yuan Gui Yang is scheduled to arrive at Shuidong port in China’s southern Guangdong province on June 4, while the Ocean Lily is expected at Meizhouwan port in the southeastern Fujian province on June 7.

Don't Miss:
-
Historic Legco trip to Beijing to include tech sector tours, seminars and visits
-
China and Russia unite on world order, but Putin departs without concrete gains
-
Operation targeting fire safety in old Hong Kong buildings extended for 2 years
-
Inside YMTC’s IPO plans: How is China’s 3D NAND champion chasing capital markets?
-
Young Indians protest through parody ‘cockroach’ party

Bang Tao Beach Clubs: Foreign-Owned Nightlife vs. Thai Law
Scanlon Introduces Corporate Crime Legislation
Indonesia’s Confusing Economic Turn