·        Taiwan’s base oils exports show signs of reviving in H2 March 2024 after staying unusually low in H1 March 2024.

·        Singapore takes delivery of unusually large shipment from Hong Kong last week.

·        Hong Kong is major distribution hub for Group III+ base oils from Mideast Gulf.

·        Singapore takes delivery of large cargo from US last week.

·        Wave of February-loading shipments from South Korea start to reach UAE in past week and coming week.

·        Several large cargoes from South Korea set to reach US Gulf coast this week.

·        Cargo of Group III base oils loads from Indonesia in early March 2024, set to reach northwest Europe in about a months’ time, after traveling via southern Africa.

·        Cargo of Group I base oils loads from Saudi Arabia in H1 February 2024, set to reach India by end-March 2024 after travelling via west Africa.

·        Cargo loads from Saudi Arabia in past week before heading to India, set to arrive in coming week.

·        Cargo loads from Saudi Arabia at end-Feb 2024, reaches UAE in past week after traveling via Red Sea.

·        Shipments suggest some cargoes are reverting to traveling via Red Sea to destinations like India.

·        Cargo of Group III base oils loads from UAE last week, set to reach India in coming week.

·        Cargo of Group III base oils loads from Bahrain in H1 March, set to reach southern Africa in late-March 2024; final destination unclear.

·        Large cargo loads from northwest Europe in mid-March 2024, with final destination unclear.

·        Several cargoes load from US Gulf coast at end-February 2024/H1 March 2024, set to reach South Africa in H1 April 2024.

·        Cargo of Group II base oils of US origin set to reach South Africa this week.

·        Cargo of Group I base oils from Italy set to reach southeast Asia this week, after setting off in H1 January 2024.

·        Cargo loads from northwest Europe in H1 February 2024, reaches Nigeria around mid-March 2024.