Saudi Arabia Tanker Load Capacity Expands 2.8%, Ship Data Show
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The carrying capacity of oil tankers that docked at Ras Tanura, Saudi Arabia’s biggest crude-loading port, expanded 2.8 percent last week, according to ship-tracking data compiled by Bloomberg.
Vessels with a combined capacity of 8.88 million deadweight tons arrived at the facility in the week to Jan. 7, compared with 8.64 million a week earlier. The ships would be able to haul about 65 million barrels of crude in total, assuming a conversion factor of 7.33 barrels a ton. Japan will be the largest recipient, followed by the United Arab Emirates.