Bloomberg News

China-Bound Crude Shipments Rose 10% This Week, Fleet Data Show

December 09, 2011

Dec. 9 (Bloomberg) -- Crude-oil shipments hauled by supertankers bound for China rose 10 percent this week, according to ship-tracking data compiled by Bloomberg.

Vessels with a total carrying capacity of 17.6 million deadweight tons are heading for the East Asian nation, up from 16.1 million tons in the week ended Dec. 2. In tonnage terms, 14 percent of the total fleet of the largest oil tankers signaling future destinations is bound for China, the world’s largest energy consumer.

The following table shows the destinations of very large crude carriers and their combined carrying capacity in deadweight tons, according to Bloomberg data. Average drafts are expressed as a percentage of maximum sailing depth and are an indication of cargo size. Each country’s percentage share of total oil shipments is shown for the current and prior weeks.

--Editors: John Deane, Dan Weeks

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

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


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