Denmark’s January DUC Crude Shipments to Drop to Six Cargoes

Crude oil shipments from Dansk Undergrunds Consortium, the producer part-owned by A.P. Moeller Maersk A/S, are scheduled to drop to six cargoes in January, one less than this month, according to a loading program.

Exports will total 3.6 million barrels, or 116,129 barrels a day, the plan obtained by Bloomberg News showed.

Copenhagen-based Maersk (MAERSKB) holds 39 percent of the venture, known as DUC. Royal Dutch Shell Plc (RDSA) owns 46 percent and Chevron Corp. (CVX) has 15 percent. Maersk will receive three cargoes, Chevron will get two and Shell one, according to the schedule.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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