Fourth Since the Strait of Hormuz Blockade: South Korean Tanker Passes Through the Red Sea

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[The Financial News]  As the Strait of Hormuz has been blocked by the Middle East war, South Korean tankers are continuing crude oil shipments via the Red Sea, a detour route. 
The Ministry of Oceans and Fisheries (MOF) said at 11 a.m. on the 8th that a fourth South Korean vessel had safely passed through the Red Sea and was transporting crude oil to South Korea.
South Korean tanker operations using the Red Sea route have continued since the first case emerged in mid-last month. The first tanker to pass through the Red Sea last month arrived at GS Caltex's crude oil terminal in Yeosu, South Jeolla Province, on the 7th of this month. The tanker that passed through the Red Sea this time was also reported to have loaded crude oil at Yanbu Port in Saudi Arabia.
The Strait of Hormuz is a key maritime passage through which a large share of global crude oil shipments flow, but armed clashes in the Middle East have recently intensified.
In response, the South Korean government, domestic refiners and shipping companies have moved to secure alternative routes. The government is also strengthening safety management for vessels operating in the Red Sea.
The MOF said, "While the vessel was sailing through the Red Sea, we operated a 24-hour real-time monitoring system, provided navigational safety information, and maintained a real-time communication channel among the ministry, the shipping company and the vessel." It added, "We supported the safety of our vessels and crew members, and we will continue to do our utmost to help stabilize domestic crude oil supplies."
y27k@fnnews.com Seo Yoon-kyung Reporter