South Korean LNG carrier transits Strait of Hormuz

Key facts

• A South Korean-operated LNG carrier has transited the Strait of Hormuz.
• The vessel carries eight Korean crew members.
• The ship is chartered by a foreign party and not headed to South Korea.
• This transit reduces the number of stranded South Korean vessels in the Strait of Hormuz to 24.
• South Korea's exports surged 86% in early June, with imports up 35.6%, yielding a $5.2 billion trade surplus.

A South Korean-operated liquefied natural gas (LNG) carrier has successfully navigated the Strait of Hormuz, a critical maritime chokepoint. This transit reduces the number of stranded South Korean vessels in the region to 24. The vessel, chartered by a foreign entity, carries eight Korean crew members and is not en route to South Korea. This marks the second successful transit of the strait by a South Korean-operated vessel.

Separately, South Korea's exports saw a significant surge of 86 percent in the first 10 days of June compared to the same period last year, reaching $28.6 billion. Imports also increased by 35.6 percent, resulting in a trade surplus of $5.2 billion for the period.