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'A Sharp Jump and the Establishment of a Monopoly': a Shake-up in the Global Maritime Transport Market
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1 Articles
In a move that shook the shipping market, South Korea’s Sinokor Merchant Marine embarked on a dizzying buying spree of very large crude oil tankers (VLCCs) in late 2025 and early 2026, acquiring or leasing some 120 ships in less than two months. According to reports from international brokerages, the move was backed by Italian shipping magnate Gianluigi Aponte – founder of shipping giant MSC – who provided up to $5 billion in financing for the m…
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