Taiwan Group II loadings remain more subdued through February, with Singapore also seeing a slowdown during the Lunar New Year period
India is set to take delivery of its largest cargo from Saudi Arabia in more than two months
Pick-up in premium-grade shipments from Spain include an infrequent cargo bound for the US
· Several Group II cargoes load from Taiwan in past week before heading to southeast Asia.
· Total Group II shipments so far this month amount to little more than half the volume during the same period in January.
· Dip in cargo loadings mirrors similar dynamic in Singapore in recent weeks, coincides with Lunar New Year holidays.
· Cargo loads from South Korea in mid-February before heading to Central America, set to arrive in mid-March.
· Cargo of Group III base oils loads from Indonesia in late-December before heading to northwest Europe, arrives in recent days.
· Cargo of Group III base oils loads from Bahrain in early-January before heading to northwest Europe, set to arrive in coming days.
· Cargo of Group III base oils loads from Bahrain around mid-February before heading to India, set to arrive next week.
· Cargo of Group III base oils loads from UAE around mid-February before heading to India, set to arrive by end of this week.
· Cargo loads from Saudi Arabia in first-half February before heading to India, set to arrive in coming week.
· Cargo is first large shipment from Saudi Arabia to India in more than two months.
· Large cargo of premium-grade base oils loads from Spain around mid-February before heading to northwest Europe, set to arrive in coming days.
· Cargo of premium-grade base oils loads from Spain in past week before heading to US, set to arrive in early March.
· Cargo of very-light-grade base oils loads from Spain around mid-January before heading to India, set to arrive next week.