Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah rose in December to the highest in more than two years amid a pick-up in supplies to India as well as other outlets like North Africa and US.Total shipments from the two ports rose to around 100,000t in December, up from close to 50,000t the previous month, shipping data showed.The rise in shipments extended a trend of lower volumes one month followed by a surge in shipments the next month.The trend showed signs of extending into January, when shipment volumes have so far been much lower than last month.The slowdown in shipments this month coincided with moves by a growing number of vessel operators to avoid the Red Sea region.The moves could complicate base oils shipments to markets like India.The December volume included regular flows to the Mideast Gulf and India, as well as shipments to the US and north Africa.Total shipments of more than 700,000t from the ports of Yanbu and Jeddah in 2023 rose from close to 650,000t the previous year..India's Dec base oils imports fall.Saudi Arabia’s Nov Yanbu/Jeddah exports fall
Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah rose in December to the highest in more than two years amid a pick-up in supplies to India as well as other outlets like North Africa and US.Total shipments from the two ports rose to around 100,000t in December, up from close to 50,000t the previous month, shipping data showed.The rise in shipments extended a trend of lower volumes one month followed by a surge in shipments the next month.The trend showed signs of extending into January, when shipment volumes have so far been much lower than last month.The slowdown in shipments this month coincided with moves by a growing number of vessel operators to avoid the Red Sea region.The moves could complicate base oils shipments to markets like India.The December volume included regular flows to the Mideast Gulf and India, as well as shipments to the US and north Africa.Total shipments of more than 700,000t from the ports of Yanbu and Jeddah in 2023 rose from close to 650,000t the previous year..India's Dec base oils imports fall.Saudi Arabia’s Nov Yanbu/Jeddah exports fall
