Two Chinese supertankers, carrying 4M barrels of Middle East crude, heading to Guangdong and Fujian
Two Chinese supertankers, laden with a total of 4 million barrels of Middle Eastern crude oil, departed on Wednesday. Their exit followed a wait of over two months in the Gulf.
These vessels are part of a small group of supertankers transporting Iraqi crude oil out of the Gulf this month. This movement is occurring via a transit route mandated by Iran.
The Chinese-flagged Very Large Crude Carrier (VLCC) Yuan Gui Yang loaded 2 million barrels of Iraqi Basrah crude on February 27, shortly before the outbreak of the U.S.-Israeli tensions involving Iran, according to the data. Chartered by Unipec, the trading division of Sinopec, Asia’s largest refiner, the ship is projected to arrive at Shuidong Port, near Maoming city in southern Guangdong province, on June 4 to unload its cargo.
The Hong Kong-flagged VLCC Ocean Lily, owned by Chinese firm Sinochem, took on 1 million barrels each of Qatari al-Shaheen and Iraqi Basrah crude between late February and early March, the data indicates. It is expected to arrive at Quanzhou Port in eastern Fujian province on June 5 for cargo discharge.
Sinopec, Sinochem, and Cosco Shipping, which own and manage the Yuan Gui Yang, have not yet provided comments. Last week, the VLCC Yuan Hua Hu also exited the strait, carrying 2 million barrels of Iraqi oil and destined for Zhoushan Port in eastern China.