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Saudi Arabia Tanker Load Capacity Gains 22%, Ship Data Show

Feb. 3 (Bloomberg) -- The carrying capacity of oil tankers that docked at Ras Tanura, Saudi Arabia’s biggest crude-loading port, gained 22 percent in the latest week, according to ship-tracking data compiled by Bloomberg.

Vessels with a combined capacity of 10.1 million deadweight tons arrived at the facility in the week ended Jan. 28, compared with 8.29 million a week earlier. The ships would be able to haul about 74 million barrels of crude in total, assuming a conversion factor of 7.33 barrels a ton. Japan will be the largest recipient, followed by China and Singapore.

The following table lists by country the combined deadweight tonnage of tankers that called at Ras Tanura, based on signals from the ships’ captains. Saudi Arabia is the world’s biggest crude exporter.

               Week to                       Week to
               Jan. 28                       Jan. 21
Country        Deadweight     Share (%)      Share (%)
Japan          1,750,694      17.3           18.4
China          1,528,879      15.1           17.9
Singapore        909,759       9.0            5.7
South Korea      618,309       6.1           14.6
U.S.             616,732       6.1            1.8
Taiwan           579,128       5.7
Saudi Arabia     510,993       5.0
India            354,205       3.5            2.9
Oman             317,972       3.1            5.5
Egypt            317,713       3.1            3.7
Kuwait           300,361       3.0
Malaysia         300,294       3.0
Iran             298,732       2.9
U.A.E.           214,233       2.1           18.4
Unspecified    1,530,758      15.1

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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