Scorpio Wins as U.S. Crude Curbs Spur Shale Refineries: Freight
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Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of three-decades-old laws banning most crude exports.
Earnings for Medium Range tankers carrying 315,000 barrels of gasoline and diesel will climb 11 percent to $14,375 a day in 2013, according to the average of six analyst estimates compiled by Bloomberg. Monaco-based Scorpio Tankers Inc. will advance 22 percent in 12 months in New York trading and Tsakos Energy Navigation Ltd. in Athens will gain 47 percent, the averages of 12 analyst forecasts compiled by Bloomberg show.