Analysts at the bank redrew their numbers amid the belief crude tanker tonne mile demand will rise by 4% over the next couple of years.

Analysts Nicolay Dyvik, Oyvind Berle and Petter Haugen are now charting for VLCC spot rates of $62,000 per day in 2015, up from $43,000 per day previously.

Next year the researchers believe the same vessels will command $55,000 per day, $15,000 per day more than they had chartered before.