Bloomberg News

Saudi Tankers’ Capacity Fell 33% in Week to Feb. 25, Data Show

March 02, 2012

The carrying capacity of oil tankers that docked at Ras Tanura, Saudi Arabia’s biggest crude-loading port, declined 33 percent in the week to Feb. 25, according to ship-tracking data compiled by Bloomberg.

Vessels with a combined capacity of 6.47 million deadweight tons arrived at the facility in the period, compared with 9.63 million a week earlier. The U.S. will be the largest recipient.

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.

                    Week to                       Week to
                    Feb. 25                       Feb. 18
Country             Deadweight     Share (%)      Share (%)
U.S.                1,245,684      19.2           1.6
Oman                1,213,128      18.7           6.3
Japan               1,195,319      18.5           16.8
South Korea         620,272        9.6            6.5
China               594,522        9.2            12.6
South Africa        319,439        4.9            4.8
Indonesia           307,190        4.7            --
Malaysia            299,118        4.6            --
India               252,212        3.9            2.1
France              158,700        2.5            --
Singapore           158,621        2.5            7.8
Saudi Arabia        106,912        1.7            5.1
U.A.E.                                            11.9
Taiwan                                            6.5
Egypt                                             5.0
Thailand                                          3.3
Qatar                                             3.1
Unspecified                                       6.6
                    6,471,117

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

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


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus