Saudi Arabia remained active with shipments to Asia and Africa, with another large cargo expected to target India
Taiwan and South Korea export volumes remained subdued so far in May, after slumping in April
Several Group III cargoes from Asia and Spain reached or were bound for Northwest Europe
Asia
· Cargo of Group II light and heavy-grade base oils loaded from Taiwan this week before heading to Vietnam, set to arrive in coming days.
· Taiwan’s export volumes so far in May remained similar to April and below March levels.
· Cargo of Group III base oils loaded from Indonesia in second-half March before heading to Northwest Europe, arrived in recent days.
· Cargoes bound from South Korea to US stayed low so far in May, extending a slowdown from April.
· Cargo loaded from Saudi Arabia in mid-May before heading to Singapore, set to arrive in early June.
· Cargo loaded from Saudi Arabia in early May before heading to South Africa, set to arrive in the coming days.
· Large cargo set to load from Saudi Arabia in the coming days; shipment size pointed to India as the likely destination.
· Enquiry for a vessel to load a cargo from India in first-half June, with various destination options including Americas and Asia.
Europe
· Cargo of premium-grade base oils loaded from Spain in recent days before heading to Northwest Europe, set to arrive by end-May.
· Cargo of very-light grade base oils loaded from Spain in mid-April before heading to India, set to arrive in the coming days.
· Cargo loaded from Northwest Europe in the past week before heading to Southeast Asia, set to arrive in second-half June.
· Cargo loaded from Northwest Europe in second-half March before heading to Southeast Asia, set to arrive in the coming days.
Americas
· Cargo loaded from the US at end-March before heading to India, arrived in recent days.
· Large cargo loaded from US Gulf coast in mid-May before heading to Northwest Europe, set to arrive in early June.