Crude-oil shipments aboard supertankers bound for China fell 2.1 percent this week, according to ship-tracking data compiled by Bloomberg.
Tankers with a total carrying capacity of 13.9 million deadweight tons are heading for the Asian nation, compared with 14.2 million last week. About 11 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 101.9 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 426 VLCCs, out of a global fleet of 570, 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 previous weeks.
Destination Capacity Draft Share Last Share
(Sept. 7) (Aug. 31)
United Arab Emirates 28,659,228 52 22.1 19.6
Singapore 14,919,665 72 11.5 11.0
China 13,907,768 87 10.7 10.7
Japan 10,261,057 91 7.9 9.0
United States 8,314,201 92 6.4 6.2
South Korea 8,287,774 89 6.4 8.0
Saudi Arabia 5,527,290 51 4.3 4.8
India 4,609,556 91 3.6 3.2
Angola 3,683,783 49 2.8 2.8
Taiwan 2,722,766 87 2.1 3.1
Kuwait 2,449,646 51 1.9 2.6
Egypt 2,184,970 73 1.7 1.4
Qatar 1,838,633 63 1.4 1.6
Malaysia 1,769,057 71 1.4 1.3
Oman 1,534,998 62 1.2 0.5
Nigeria 1,527,036 50 1.2 1.1
Iraq 1,498,235 52 1.2 1.7
Thailand 1,494,472 78 1.2 1.1
Iran 1,251,304 58 1.0 0.2
Venezuela 1,237,668 50 1.0 0.0
Netherlands 1,221,797 81 0.9 0.7
Indonesia 1,201,143 66 0.9 0.7
Brazil 624,716 71 0.5 0.5
Other 8,866,192 70 6.8 8.3
Total 129,592,955
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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