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Crude Oil Shipments Bound for China Rise 9%, Fleet Data Show

Crude oil shipments bound for China jumped 9 percent this week, according to ship-tracking data compiled by Bloomberg News.

Ships with a total carrying capacity of 16.2 million deadweight tons are sailing for China, up from 14.9 million tons in the week ending Oct. 21.

The following table shows the destinations of the largest oil tankers and their combined carrying capacity in deadweight tons, according to Bloomberg data.

Drafts are expressed as a percentage of maximum sailing depth and are an indication of cargo size. Each country’s percentage share of the total oil shipments is shown for the current and previous weeks.

Destination     DWT           Draft   Current Share   Last Share
                                      (Oct. 28)       (Oct. 21)
UAE             23,502,159    53      19.6            20.8
China           16,187,595    88      13.5            12
Japan           12,591,849    91      10.5            8
Singapore       10,689,205    69      8.9             9.8
Other           10,384,983    73      8.7             6.7
South Korea     6,716,131     94      5.6             6.7
United States   6,149,986     95      5.1             5.7
Saudi Arabia    5,428,703     54      4.5             5.6
Angola          4,931,531     51      4.1             3.5
India           4,551,102     95      3.8             3.2
Iran            2,728,958     57      2.3             3.4
Egypt           2,181,291     79      1.8             2.2
Kuwait          2,076,969     51      1.7             2.2
Netherlands     1,831,921     88      1.5             0.3
Iraq            1,827,322     50      1.5             2
Taiwan          1,737,732     97      1.5             1.6
Oman            1,475,124     58      1.2             0.7
Qatar           1,221,031     55      1               1.2
Nigeria         903,183       54      0.8             2
Thailand        876,783       94      0.7             0.2
Hong Kong       625,170       89      0.5             0.5
Venezuela       623,156       49      0.5             0.5
Malaysia        576,603       87      0.5             1.2
Total           119,818,487   73      100             100

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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