Global base oils cargo flows: Week of March 25

·        Rebound in Taiwan Group II base oils exports continues in H2 March 2024.

·        More than 20,000t of supplies load from Taiwan since mid-March 2024, vs less than 10,000t in H1 March 2024.

·        Most of the supplies head towards southeast Asia rather than China.

·        Singapore takes delivery in H2 March 2024 of first cargo from Italy this year.

·        Large cargo from South Korea set to reach US Gulf coast in coming week.

·        Shipments from South Korea to US show signs of slowing in March 2024 from previous two months.

·        Cargo loads from Saudi Arabia in H2 March 2024 before heading to northwest Europe, set to arrive in early April 2024.

·        Cargo loads from Saudi Arabia in H1 March 2024, set to reach India this week after travelling via Red Sea.

·        Cargo loads from Saudi Arabia in H1 Feb 2024, set to reach India in coming week after voyage via western Africa.

·        Cargo of Group III base oils from UAE reaches India early this week.

·        Several cargoes of Group III base oils load from Mideast Gulf in March 2024 before heading towards South Africa, with final destination unclear.

·        Cargo, likely of premium-grade base oils, loads from Spain in past week before heading to US Gulf coast.

·        Cargo loads from US in H2 Feb 2024, set to reach Kenya in coming week.

·        Cargo of Group II base oils loads from US at end-Feb 2024, set to reach India in mid-April 2024 after voyage via southern Africa.

·        Cargo reaches Nigeria in past week after loading from Europe in late Feb 2024.

·        Cargo adds to swathe of shipments reaching Nigeria in month of March 2024.