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China-Bound Crude Shipments Rise 10% This Week, Fleet Data Show

Feb. 3 (Bloomberg) -- Crude-oil shipments aboard supertankers bound for China rose 10 percent this week, according to ship-tracking data compiled by Bloomberg.

Vessels with a total carrying capacity of 15.7 million deadweight tons are heading for the Asian nation, up from 14.2 million tons last week. About 15 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 115.4 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 341 very large crude carriers, out of a global fleet of 563, 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 prior weeks.

Destination          DWT          Draft    Share      Last Share
                                           (Feb. 3)   (Jan. 27)
United Arab Emirates 20,438,822   51       19.8       21.1
China                15,739,932   88       15.2       14.3
Singapore            10,688,980   72       10.3       11.4
Japan                9,220,723    88       8.9        9.9
United States        6,168,339    94       6.0        5.3
South Korea          5,716,503    91       5.5        5.5
India                4,835,389    89       4.7        2.8
Saudi Arabia         4,548,428    50       4.4        3.9
Angola               4,288,633    49       4.1        4.9
Taiwan               2,340,130    92       2.3        2.0
Iran                 2,102,602    50       2.0        1.8
Nigeria              1,813,198    55       1.8        0.9
Egypt                1,214,519    70       1.2        1.8
Iraq                 1,206,011    47       1.2        0.9
Thailand             952,483      84       0.9        1.2
Brazil               900,850      69       0.9        0.6
Qatar                885,621      56       0.9        0.9
Malaysia             882,465      91       0.9        1.2
Kuwait               634,820      49       0.6        0.6
Oman                 614,164      50       0.6        0.3
Venezuela            301,686      50       0.3        0.3
Netherlands          299,999      94       0.3        0.0
Other                7,600,175    70       7.4        8.3
Total                103,394,472

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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