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Two Chinese tankers exited Strait of Hormuz
The 'Yuan Gui Yang' and ' Ocean Lily ' carrying a combined four million barrels of crude oil from the Middle East, successfully exited the Strait of Hormuz on May 20, 2026. The tankers had previously been stranded in the Gulf region for more than two months. The 'Yuan Gui Yang' had loaded around two million barrels of Basrah crude oil from Iraq on Feb 27, one day before the outbreak of the US-Israel conflict with Iran. The vessel was chartered by Unipec, the trading arm of Sinopec. The VLCC was expected to arrive at Shuidong Port near the city of Maoming in Guangdong province on June 4 to unload its cargo. The 'Ocean Lily 'loaded one million barrels each of al-Shaheen crude from Qatar and Basrah crude from Iraq between late February and early March. The vessel is owned by Chinese energy company Sinochem and is expected to arrive at Quanzhou Port in Fujian province on June 5.
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