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Page added on December 3, 2011
Saudi Arabia Oil Loadings Decline 8.1%, Ship-Tracking Data Show
Oil tankers able to haul a combined 8.78 million barrels a day went to Saudi Arabia’s Ras Tanura, the world’s largest crude-export terminal, ship-tracking data compiled by Bloomberg show.
Vessels with a total capacity of 8.38 million deadweight tons were at Ras Tanura from Nov. 20 to Nov. 26, 8.1 percent less than the previous seven-day period, the data show. To estimate that tonnage in terms of barrels a day, the figure was multiplied by 7.33 to calculate the total barrels and then divided by seven, the number of days in the period.
China will get the largest share of shipments, with five loadings during the period. Very large crude carriers with a combined capacity of 1.5 million tons, or 11 million barrels, are heading for the country after loading at the terminal. Two cargoes are bound for South Korea and one for Japan.
Following are the ships that loaded at Ras Tanura, the companies that hired them and estimated times of arrival, where data are available. Drafts are expressed as a percentage of maximum sailing depth and are an indication of cargo size.
Vessel Name Charterer DWT ETA Draft China Yangtze Bravery Unipec 296,951 Dec. 14 93 Chang Jiang Zhi Guang Unipec 296,481 Dec. 18 91 Cosgrand Lake PTT 298,997 Dec. 16 95 Samco Redwood Unipec 314,249 Dec. 13 Cosjade Lake Unipec 298,216 Dec. 12 93 Total 1,504,894 Japan Rokkosan 300,257 Dec. 15 96 New Zealand Rich Queen II Shell 105,572 Dec. 24 98 Oman Yangtze Pearl Unipec 297,395 74 Saudi Arabia Sea Wave IOC 154,970 62 Stavanger Bliss Chevron 105,400 76 Total 260,370 Singapore Black Sea Petrobras 104,943 Jan. 1 54 South Korea Cerigo Ssangyong 299,089 Dec. 19 94 Saham Ssangyong 299,991 Dec. 14 95 Total 599,080 Thailand Kumanogawa Thai Oil 299,988 Dec. 8 91 U.A.E. Pratibha Bheema BPCL 154,971 97 U.S. Dorra Vela 317,521 Jan. 6 96 Other M. Star 314,016 Dec. 13 90 Nagaragawa 301,583 Dec. 15 98 Super Zearth 265,253 Dec. 16 99 Hyundai Sun 301,178 92 Taiga 311,141 Dec. 7 93 FPMC C Jade 301,785 Dec. 14 124 Tsurusaki 300,838 75 Gandhar 147,564 Dec. 6 54 Takamine 306,206 Dec. 17 92 Overseas Sakura 298,641 Dec. 18 89 Dewi Maeswara 300,149 Dec. 12 86 Eagle Vienna 306,999 52 Yufusan 311,389 Dec. 20 91 Formosapetro Challenger 281,501 60 Karachi 107,081 Takasuzu Idemitsu 279,989 Feb. 3 58 Total 4,435,313 Bloomberg
4 Comments on "Saudi Arabia Oil Loadings Decline 8.1%, Ship-Tracking Data Show"
Kenz300 on Sat, 3rd Dec 2011 6:27 pm
Relying on the Saudi’s to save the world economy by pumping more oil and bringing prices down is a fools bet. The world is in an oil trap because it relies too much on oil for energy production. It is time to diversify our sources and types and diversify the risks. The oil embargo of the 1970’s gave us a preview of what to expect form supply shortages and higher prices for oil. It gave us long lines at the pump, rationing, high prices, recession, rising unemployment and business failures.
BillT on Sun, 4th Dec 2011 2:16 am
In 10 years, or less, most of the exporting countries are not going to be exporting. They will only have enough for domestic use. No one seems to be mentioning this directly, but the Saudis, for example, use about 8% more oil every year and already use 30% of what they produce. At 8% increase, they will be exporting only 30% in 10 years and may just realize that they need what is left and stop exporting altogether. Then the game is over.
When Carter said we needed to change, in the 70s, we laughed. He will have the last laugh as we cannot change enough in time to stop the collapse. We could have when we still had cheap plentiful oil in the 70s. But, not now.
MrEnergyCzar on Sun, 4th Dec 2011 3:20 am
Only Saudi Arabia and Kuwait have any real spare capacity. Most countries are past their productions peaks. To make up for the lack of cheap abundant oil, countries can print money for 5-10 years past the peak. We’re at 5 years now.
MrEnergyCzar
blacknail on Mon, 5th Dec 2011 2:05 am
I don’t think we can draw any conclusions about the ships in a 7 day period having 8% less cargo capacity. We aren’t even measuring the oil that was shipped from this port directly, let alone total exports. Why is this even posted as news?