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China-Bound Oil Shipments Climb by 9.4%, Fleet Data Show

Feb. 10 (Bloomberg) -- Crude-oil shipments aboard supertankers bound for China rose 9.4 percent this week, according to ship-tracking data compiled by Bloomberg.

Vessels with a total carrying capacity of 17.2 million deadweight tons are heading for the Asian nation, up from 15.7 million tons last week. About 16 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 126.2 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 355 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. 10)  (Feb. 3)
United Arab Emirates 24,253,703   52       22.5       19.8
China                17,222,835   87       16.0       15.2
Singapore            10,706,918   77       9.9        10.3
Japan                9,013,958    92       8.4        8.9
United States        7,132,388    91       6.6        6.0
South Korea          6,639,815    90       6.2        5.5
Angola               4,569,069    58       4.2        4.1
Saudi Arabia         3,914,570    50       3.6        4.4
India                3,893,162    89       3.6        4.7
Nigeria              3,355,915    50       3.1        1.8
Taiwan               1,761,623    94       1.6        2.3
Thailand             1,528,003    89       1.4        0.9
Iran                 1,513,669    50       1.4        2.0
Egypt                1,245,841    84       1.2        1.2
Qatar                1,190,770    52       1.1        0.9
Kuwait               935,232      55       0.9        0.6
Iraq                 887,232      50       0.8        1.2
Oman                 620,148      68       0.6        0.6
Brazil               611,435      76       0.6        0.9
Malaysia             581,738      89       0.5        0.9
Netherlands          299,999      94       0.3        0.3
Other                5,778,977    67       5.4        7.6
Total                107,657,000

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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