Bloomberg News

Saudi Arabia Tanker Load Capacity Expands 2.8%, Ship Data Show

January 16, 2012

Jan. 13 (Bloomberg) -- The carrying capacity of oil tankers that docked at Ras Tanura, Saudi Arabia’s biggest crude-loading port, expanded 2.8 percent last week, according to ship-tracking data compiled by Bloomberg.

Vessels with a combined capacity of 8.88 million deadweight tons arrived at the facility in the week to Jan. 7, compared with 8.64 million a week earlier. The ships would be able to haul about 65 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 United Arab Emirates.

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: Nicholas Larkin, Dan Weeks

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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