Saturday 7 January 2012

Saudi Arabia Tankers’ Load Capacity Shrinks 9.5%, Ship Data Show - Businessweek

The carrying capacity of oil tankers that docked at Ras Tanura, Saudi Arabia’s biggest crude-loading port, shrank 9.5 percent last week, according to ship-tracking data compiled by Bloomberg.

Vessels with a combined capacity of 8.6 million deadweight tons arrived at the facility in the week to Dec. 31, compared with 9.6 million a week earlier. The ships would be able to haul about 63 million barrels of crude in total, assuming a conversion factor of 7.33 barrels a ton. Japan will be the largest recipient, followed by the U.S.

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