Bloomberg News

China-Bound Oil Shipments Rose 11% This Week, Fleet Data Show

January 09, 2012

Jan. 6 (Bloomberg) -- Crude-oil shipments aboard supertankers bound for China climbed 11 percent this week, according to ship-tracking data compiled by Bloomberg.

Vessels with a total carrying capacity of 18.1 million deadweight tons are heading for the Asian nation, up from 16.3 million tons last week. About 14 percent of the total fleet of the largest oil tankers signaling future destinations is bound for China, the world’s biggest energy consumer. The ships would haul about 132 million barrels of oil, assuming a conversion factor of 7.33 barrels a ton.

The following table shows the destinations and combined carrying capacity in deadweight tons of 418 very large crude carriers, out of a global fleet of 560, according to data compiled by Bloomberg. 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, Ana Monteiro

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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