Bloomberg News

Saudi Oil Port’s Crude Tanker Calls Seen Sliding 7.8% Last Week

June 01, 2012

The carrying capacity of oil tankers calling at Saudi Arabia’s Ras Tanura, the world’s largest crude- export complex, slid 7.8 percent in the week to May 26, signals from the vessels showed.

Ships with a capacity of 8.03 million deadweight tons, or 8.41 million barrels a day, arrived during the period, compared with 8.71 million tons in the prior week, according to vessel- tracking data from IHS Inc. (IHS:US) compiled by Bloomberg.

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 10 a.m. London time today. The second table shows the deadweight tonnage and carrying capacity in barrels of tankers that called each week this year.

Country             Deadweight     Share        Share
                       Tonnage     May 26      May 19
China                1,530,900       19           14
Egypt                1,040,972       13           --
Japan                  999,339       12           17
Saudi Arabia           737,441        9           --
Other                  617,817        8           19
India                  548,944        7            6
South Africa           317,563        4           --
United Arab Emirates   317,052        4            7
Singapore              309,960        4            3
Taiwan                 306,430        4            4
Sri Lanka              301,178        4            4
South Korea            300,955        4           11
Indonesia              300,149        4           --
Thailand               298,216        4            3
Malaysia               105,857        1           --
U.S.                        --       --            4
Oman                        --       --            4
Brazil                      --       --            3
Pakistan                    --       --            1
Total DWT            8,032,773
Total Barrels       58,880,227
Barrels/Day          8,411,461

                         Total DWT      Total barrels a day
Week ended               (Million)      (Million)
May 19                   8.71           9.12
May 12                   8.18           8.57
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: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net


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