Domestic Shipping Company's 'Re-chartered' Oil Tanker Attacked in Strait of Hormuz... "It's Not Our Ship"

[Financial News] An oil tanker associated with a South Korean shipping company was hit by a missile attack in the Strait of Hormuz in Iran. However, it has been confirmed that the vessel is a "re-chartered ship" (renting a borrowed vessel back out), and since it is not a South Korean flag carrier and does not have South Korean crew members on board, it is not subject to the management of the government or the Korea Shipowners' Association.
According to a summary of Financial News coverage on the 2nd, the initial foreign media reported that an oil tanker belonging to the domestic shipping company Janggeum Maritime was attacked in the Strait of Hormuz, but it is a chartered vessel and is not owned by Janggeum Maritime.
Janggeum Maritime told this newspaper, "We operate container ships, but we do not directly manage oil tankers," and an official from the Ministry of Oceans and Fisheries (MOF) also dismissed the matter in a phone call, stating, "The vessels managed by the government are our national flag vessels and BBCHP (Bareboat Charter with Purchase Option), but the oil tanker that was reportedly attacked is not included."
The Korea Shipowners' Association explained, after communicating with Janggeum Maritime, that the attacked vessel was the 'Senegal Prosperity,' which is 100% owned by a foreign shipowner and re-chartered to an overseas oil company. They stated that, for this reason, no Korean crew members are on board. They also reported that the five vessels recently identified as domestic ships in reports regarding Iran's blacklist are all owned by foreign shipowners.
Sub-chartering involves no connection to domestic shipping companies in terms of ownership or operation. This is why the ship accident reporting system of the Ministry of Oceans and Fisheries (MOF) and the Korea Shipowners' Association does not apply. An official from the Ministry stated, "Janggeum Maritime leased a vessel to someone else, which is a common occurrence in the shipping market depending on the situation." An official from the Korea Shipowners' Association also remarked, "We consider a vessel to be ours only when we have purchased the ship or hired the crew; this does not apply to a vessel that has been sub-chartered from a chartered ship."
[email protected] Kim Yun-ho Reporter