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

Monday, 06 February 2012 | 12:57
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.
Source: Bloomberg
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