· Taiwan’s base oils exports show signs of reviving in H2 March 2024 after staying unusually low in H1 March 2024.
· Singapore takes delivery of unusually large shipment from Hong Kong last week.
· Hong Kong is major distribution hub for Group III+ base oils from Mideast Gulf.
· Singapore takes delivery of large cargo from US last week.
· Wave of February-loading shipments from South Korea start to reach UAE in past week and coming week.
· Several large cargoes from South Korea set to reach US Gulf coast this week.
· Cargo of Group III base oils loads from Indonesia in early March 2024, set to reach northwest Europe in about a months’ time, after traveling via southern Africa.
· Cargo of Group I base oils loads from Saudi Arabia in H1 February 2024, set to reach India by end-March 2024 after travelling via west Africa.
· Cargo loads from Saudi Arabia in past week before heading to India, set to arrive in coming week.
· Cargo loads from Saudi Arabia at end-Feb 2024, reaches UAE in past week after traveling via Red Sea.
· Shipments suggest some cargoes are reverting to traveling via Red Sea to destinations like India.
· Cargo of Group III base oils loads from UAE last week, set to reach India in coming week.
· Cargo of Group III base oils loads from Bahrain in H1 March, set to reach southern Africa in late-March 2024; final destination unclear.
· Large cargo loads from northwest Europe in mid-March 2024, with final destination unclear.
· Several cargoes load from US Gulf coast at end-February 2024/H1 March 2024, set to reach South Africa in H1 April 2024.
· Cargo of Group II base oils of US origin set to reach South Africa this week.
· Cargo of Group I base oils from Italy set to reach southeast Asia this week, after setting off in H1 January 2024.
· Cargo loads from northwest Europe in H1 February 2024, reaches Nigeria around mid-March 2024.
