Global base oils cargo flows: Week of 17 Feb

·         Wave of cargoes of Group II base oils loads from Taiwan in past week.

·         Most of the supplies move to Indonesia and Bangladesh, with much smaller volume bound for China.

·         Large cargo loads from South Korea in past week before heading to US Gulf coast, set to arrive in H2 March 2025.

·         Cargo is first large shipment from South Korea this year, follows slowdown in such shipments since H2 Dec 2024.

·         Cargo loads from Malaysia in early-Feb 2025 before heading to India, arrives in recent days.

·         Cargo adds to jump in shipments from Malaysia to India in recent months.

·         Cargo of Group III base oils loads from Bahrain in recent days before heading to India, set to arrive this week.

·         Cargo of premium-grade base oils loads from Spain in past week before heading to northwest Europe, set to arrive this week.

·         Cargo loads from northwest Europe in H1 Jan 2025 before heading to Singapore, set to arrive in coming week.

·         Cargo loads from northeast Europe in mid-Jan 2025 before heading to Argentina, set to arrive at end-Feb 2025.

·         Cargo would be rare shipment from Europe to Argentina.

·         Large cargo loads from northwest Europe in H1 Jan 2025 before heading to Kenya, arrives in recent days.

·         Cargo loads from US Gulf coast in early-Feb 2025 before heading to West Africa, set to arrive in early-March 2025.

·         Cargo loads from US Gulf coast at end-Jan 2025 before heading towards North Africa, set to arrive in H1 March 2025.

·         Cargo loads from US in H1 Jan 2025 before heading to South Africa and then to India, set to reach India in early-March 2025.