(Bloomberg) — Crude-oil shipments aboard supertankers bound for China fell 2.5 percent this week, according to ship-tracking data compiled by Bloomberg.
Tankers with a total carrying capacity of almost 14 million deadweight tons are heading for the Asian nation, compared with 14.3 million tons last week. About 10 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 102.5 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 439 very large crude carriers, out of a global fleet of 571, 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 previous weeks.
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Destination Capacity Draft Share Last Share
(July 20) (July 13)
United Arab Emirates 26,703,132 55 20.0 23.6
China 13,979,811 85 10.5 10.9
Singapore 13,772,112 68 10.3 8.4
Japan 11,133,567 89 8.3 8.5
United States 8,635,466 91 6.5 7.3
South Korea 7,952,261 90 6.0 5.8
Saudi Arabia 6,346,194 53 4.8 3.2
India 5,796,216 87 4.3 4.1
Angola 5,763,871 53 4.3 2.8
Taiwan 3,008,081 92 2.3 2.3
Malaysia 2,655,479 71 2.0 1.8
Nigeria 2,436,575 53 1.8 1.1
Egypt 2,431,693 81 1.8 2.1
Iraq 2,092,826 51 1.6 2.1
Qatar 1,803,099 64 1.4 1.6
Iran 1,515,868 64 1.1 0.5
Oman 1,494,263 64 1.1 1.4
Thailand 1,489,766 87 1.1 0.7
Netherlands 1,245,873 82 0.9 0.7
Indonesia 1,225,357 86 0.9 0.5
Kuwait 926,871 50 0.7 1.6
Venezuela 634,039 49 0.5 0.5
Brazil 609,291 72 0.5 0.5
Other 9,832,452 68 7.4 8.0
Total 133,484,163
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