Bloomberg News

Saudi Arabia Oil Loadings Increase 22% in Week, Ship Data Show

November 18, 2011

Nov. 18 (Bloomberg) -- Oil tankers able to haul a combined 10.4 million barrels a day went to Saudi Arabia’s Ras Tanura, the world’s largest crude-export terminal, ship-tracking data compiled by Bloomberg show.

Vessels with a total capacity of 9.90 million deadweight tons were at Ras Tanura from Nov. 6 to Nov. 12, a gain of 22 percent from the previous seven-day period, the data show. To estimate that tonnage in terms of barrels a day, the figure was multiplied by 7.33 to calculate the total barrels and then divided by seven, the number of days in the period.

Japan and South Korea will each get four shipments loaded during the period. Very large crude carriers with a combined capacity of 1.22 million tons, or 8.9 million barrels, are heading for Japan after loading at the terminal. South Korea’s shipments total 1.23 million tons, or 9 million barrels, the data show.

Following are the ships that loaded at Ras Tanura, the companies that hired them and estimated times of arrival, where data are available. Drafts are expressed as a percentage of maximum sailing depth and are an indication of cargo size.

--Editors: Dan Weeks, Nicholas Larkin.

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net


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