Bloomberg News

Ras Tanura Tankers Had 8.18 Million Tons of Capacity Last Week

May 18, 2012

Oil tankers calling at Ras Tanura in Saudi Arabia, the world’s biggest crude-export complex, had a total capacity of 8.18 million deadweight tons in the week to May 12, satellite signals from the ships show.

The vessels would be able to carry about 8.57 million barrels a day based on loading of full cargoes, assuming a conversion factor of 7.33 barrels a ton. The prior week’s capacity was 8.40 million tons, or 8.80 million barrels a day.

Some vessels call at other loading ports before or after Ras Tanura, indicating they may have collected partial cargoes elsewhere. The Ras Tanura complex, including Ras al-Ju’aymah, is the largest global crude terminal, according to the website of Saudi Arabian Oil Co., known as Saudi Aramco.

The first table below lists the destination countries of tankers calling at Ras Tanura in the latest week as of about 9 a.m. London time today. The data are from IHS Inc. The second shows the deadweight tonnage and carrying capacity in barrels of tankers that called each week this year.

Country         Deadweight   Share        Share
                Tonnage      May 12       May 5
Japan           1,815,059    22.2         17.5
U.S.              902,647    11.0          7.5
South Korea       614,814     7.5         14.6
China             598,077     7.3         10.6
India             544,982     6.7          6.9
Saudi Arabia      514,420     6.3          5.9
Egypt             459,249     5.6          1.9
U.A.E.            455,333     5.6          8.5
Singapore         408,532     5.0          3.8
South Africa      318,068     3.9          5.5
Taiwan            300,955     3.7          3.6
Italy             263,189     3.2         --
Kuwait            112,043     1.4         --
Bahrain            94,225     1.2         11
Unspecified       780,830     9.5          5.5
Total DWT       8,182,423
Total Barrels  59,977,161
Barrels/Day     8,568,166

                         Total DWT      Total barrels a day
Week ended               (Million)      (Million)
May 5                    8.40           8.80
April 28                 11             11.6
April 21                 8.98            9.4
April 14                 11.3           11.8
April  7                 9.71           10.2
March 31                 6.31           6.61
March 24                 9.50           9.95
March 17                 8.46           8.86
March 10                 8.67           9.08
March  3                 6.84           7.16
Feb.  25                 6.47           6.77
Feb.  18                 9.63           10.1
Feb.  11                 9.02           9.45
Feb.   4                 7.41           7.76
Jan.  28                 10.1           10.6
Jan.  21                 8.29           8.68
Jan.  14                 7.83            8.2
Jan.   7                 8.88            9.3

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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