Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessSouth Korean, Chinese Supertankers Attempt Strait of Hormuz ExitA South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a vessel from the East Asian nation.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.South Korea's Universal Winner (in white) was seen attempting a Strait of Hormuz transit, just hours after two Chinese tankers, the Ocean Lily (blue) and Yuan Gui Yang did so. via Bloomberg(Bloomberg) — A South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a vessel from the East Asian nation.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Universal Winner, laden with Kuwaiti crude, began signaling Wednesday morning that it was in the waterway, just south of Iran’s Larak Island that sits along a Tehran-approved route for Hormuz transits, ship-tracking data show. The very large crude carrier is owned by Seoul-based HMM Co. and is signaling Ulsan in South Korea as its destination. A bulk carrier owned by the company was attacked in the strait earlier this month. HMM didn’t immediately respond to an emailed request for comment.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againUniversal Winner follows two Chinese supertankers traveling along a similar route that were also attempting crossings of Hormuz on Wednesday, though it remains to be seen whether they have successfully exited the strait. The Ocean Lily, which is carrying crude from Qatar and Iraq and signaling the Chinese port of Quanzhou as its destination, stopped broadcasting its location early on Wednesday. The Yuan Gui Yang, carrying Iraqi oil and signaling Shuidong in southern China as its destination, has been idling in the same spot for several hours.If the three supertankers succeed in exiting Hormuz safely in the next few hours, they would add to the rise in crude flows seen in recent days through the corridor and mark one of the biggest days of supertanker traffic since the Middle East war began at the end of February. Hong Kong-flagged Ocean Lily is owned by Able Best Development Ltd., which shares the same Shanghai address and contact details as the ship’s manager, Sinochem Shipping Co. Hainan, a subsidiary of Chinese state-owned energy conglomerate Sinochem Corporation. Yuan Gui Yang is owned and managed by Cosco Shipping Energy Transportation, a unit of Beijing-backed Cosco Shipping.Sinochem Shipping Co. Hainan and Cosco Shipping Energy Transportation didn’t immediately respond to emailed requests for comment. 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