Bloomberg News

Saudi Arabia Tankers’ Load Capacity Shrinks 9.5%, Ship Data Show

January 06, 2012

Jan. 6 (Bloomberg) -- The carrying capacity of oil tankers that docked at Ras Tanura, Saudi Arabia’s biggest crude-loading port, shrank 9.5 percent last week, according to ship-tracking data compiled by Bloomberg.

Vessels with a combined capacity of 8.6 million deadweight tons arrived at the facility in the week to Dec. 31, compared with 9.6 million a week earlier. The ships would be able to haul about 63 million barrels of crude in total, assuming a conversion factor of 7.33 barrels a ton. Japan will be the largest recipient, followed by the U.S.

The following table lists by country the combined deadweight tonnage of tankers that called at Ras Tanura, based on signals from the ships’ captains. Saudi Arabia is the world’s biggest crude exporter.

--Editors: Claudia Carpenter, John Deane

To contact the reporter on this story: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net


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