Bloomberg News

China-Bound Oil Shipments Rise 9.4% This Week, Fleet Data Show

February 13, 2012

Feb. 10 (Bloomberg) -- Crude-oil shipments aboard supertankers bound for China rose 9.4 percent this week, according to ship-tracking data compiled by Bloomberg.

Vessels with a total carrying capacity of 17.2 million deadweight tons are heading for the Asian nation, up from 15.7 million tons last week. About 16 percent of the fleet of the largest oil tankers signaling future destinations is bound for China, the world’s biggest energy consumer. The ships would haul about 126.2 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 355 very large crude carriers, out of a global fleet of 563, 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, Nicholas Larkin

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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