Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

Oil-Tanker Forecasts Cut by DNB as U.S. Shale Boom Curbs Imports

October 01, 2012

Earnings for the biggest crude tankers will be 25 percent lower next year than previously estimated as increased U.S. shale-oil production curbs imports into the country, DNB ASA said.

Very large crude carriers will earn $21,000 a day on average in 2013 and $22,000 in the following year, 24 percent below its prior estimate, the Oslo-based bank said in a report dated Sept. 27. Smaller Suezmax vessels will bring in $18,000 daily next year, a 25 percent reduction.

“U.S. seaborne imports of crude oil are set to be dramatically reduced in the coming years, mainly due to the large expected increase in domestic crude production,” analysts including Nicolay Dyvik said. “All else equal, this will be negative for the crude oil tanker market.”

Annual imports into the U.S., the world’s biggest oil consumer, are set to fall by 550,000 barrels a day, DNB estimated. Each VLCC can hold 2 million barrels of crude, double the capacity of a Suezmax.

To contact the reporter on this story: Michelle Wiese Bockmann in London at

To contact the editor responsible for this story: Alaric Nightingale at

blog comments powered by Disqus