China-Bound Oil Cargoes Seen Falling 3.7% in Ship-Tracking Data
OREANDA-NEWS. December 26, 2011. Crude-oil shipments hauled by supertankers bound for China fell 3.7 percent this week, according to ship-tracking data compiled by Bloomberg.
Vessels with a total carrying capacity of 15.8 million deadweight tons are heading for the Asian nation, down from 16.4 million tons in the week ended Dec. 16. About 13 percent of the total fleet of the largest oil tankers signaling future destinations is bound for China, the world’s biggest energy consumer.
The following table shows the destinations of 414 very large crude carriers, or 74 percent of the global fleet, and the combined carrying capacity in deadweight tons, 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.
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