Cargoes loaded from Taiwan and South Korea in July and August are now reaching the Americas, adding supply to markets that typically rely on the US for most of their imports.
Cargo flows to Nigeria remain slow, with spot shipments scarce and only term volumes still moving into the country.
US spot volumes to India remain unusually scarce in a season that typically brings a pick-up in such shipments.
Asia
· A larger-than-usual cargo with a combination of Group II light and heavy grades was set to load from Taiwan in the coming days, with India a likely destination.
· A large cargo of Group II base oils loaded from Taiwan at end-August headed to India, with arrival due this week.
· A large cargo with a combination of Group II light and heavy grades loaded from Taiwan at end-July headed to the US Gulf coast, with arrival due in late-September.
· A large cargo loaded from Singapore in the past week headed to the US, adding to a swathe of such shipments in recent weeks.
· A large cargo loaded from Singapore last week headed to China before diverting to South Korea.
· A large cargo loaded from South Korea at end-August headed to Venezuela, with arrival due in late-September. The shipment is the largest on record to the country.
· A cargo loaded from South Korea in second-half August headed to Peru, with arrival due in the coming days.
India/Middle East
· A large cargo of premium-grade base oils loaded from India this week, several weeks later than originally scheduled, with the US the likely destination.
· The next cargo from India was set for loading next week and is expected to remain within the country.
· There was an enquiry for a vessel to load a cargo from India in second-half September before heading to West Africa.
· A slowdown in cargo loadings from Saudi Arabia extended into second-half September.
Europe/Americas
· A cargo loaded from Northwest Europe in second-half August is heading to Nigeria, with arrival due this week.
· The cargo follows an extended slowdown in shipments to Nigeria.
· A cargo loaded from Northwest Europe at end-July headed to Kenya via South Africa, with arrival in recent days.
· A cargo loaded from the US Gulf coast around mid-August headed to India, with arrival due in early October.