Bloomberg News

China Seen Getting Bigger Share of Crude Cargoes on Supertankers

June 22, 2012

China is poised to get a bigger share of crude-oil cargoes carried on supertankers, according to IHS Inc. ship-tracking data compiled by Bloomberg News.

The country is due to receive 13.5 percent of the world’s very large crude carriers, or VLCCs, compared with 12.9 percent a week ago. The ships have a combined carrying capacity of 18 million deadweight tons, or about 132 million barrels.

The table below shows the destinations, aggregated by country, of 444 VLCCs. There are about 568 in the fleet. Drafts show how deep the ships are on average in the water, expressed as a percentage of the maximum. A figure of 100 indicates a ship is likely to be full.

Country               Deadweight   Draft   Share   Share
                                          June 22   June 15
UAE                   23,441,633    55     17.5     19.2
China                 18,036,706    88     13.5     12.9
Japan                 11,760,844    83     8.8       7.3
Singapore             11,360,700    67     8.5      10.1
U.S.                   8,624,279    91     6.4       7.4
Other                  8,410,614    60     6.3       5.5
South Korea            8,219,043    92     6.1       6
Saudi Arabia           6,388,152    51     4.8       3.2
India                  5,730,291    93     4.3       3.6
Taiwan                 2,949,456    90     2.2       1.8
Egypt                  2,808,441    91     2.1       2.6
Qatar                  2,717,363    57     2.0       1.4
Kuwait                 2,416,238    56     1.8       1.6
Malaysia               2,345,859    73     1.7       2
Angola                 2,123,581    51     1.6       3.7
Indonesia              1,817,653    84     1.4       0.4
Oman                   1,792,449    52     1.3       1.6
Netherlands            1,235,746    94     0.9       0.7
Iraq                   1,225,581    48     0.9       1.8
Iran                   1,215,033    70     0.9       0.9
Thailand               1,162,354    80     0.9       1.1
Nigeria                  919,551    54     0.7       1.6
Venezuela                615,622    50     0.5       0.7
Canada                   612,626    82     0.5       0.2
West Africa              606,681    50     0.2       0.2
South Africa             597,551    95     0.4
Brazil                   574,513    78     0.4       0.7
France                   319,439    93     0.2
Bonaire                  319,430    49     0.2
Colombia                 319,429    49     0.2
Spain                    319,254    93     0.2
Cameroon                 317,952    44     0.2       0.2
Bahrain                  317,570    49     0.2
Sri Lanka                317,052    89     0.2       0.2
Gabon                    316,373    49     0.2       0.2
Curacao                  303,115    53     0.2
Equatorial Guinea        302,789    50     0.2
U.K.                     302,193    53     0.5       0.5
Gibraltar                302,107    97     0.2
Philippines              300,727    91     0.2
Norway                   299,999    51     0.2
Mauritius                                            0.2
Bahamas                                              0.2
Congo                                                0.2
Total                134,065,989

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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