Global base oils cargo flows: Week of 29 April

·        Larger-than-usual cargo set to load from Taiwan at end-April 2024.

·        Size of shipment suggests it could be bound for market like India.

·        Including this shipment, cargo loadings from Taiwan in April 2024 would exceed March 2024 levels.

·        Most of Taiwan’s shipments in H2 April 2024 move to southeast Asia rather than China.

·        Cargo of Group III base oils loads from Indonesia in H2 April 2024 bound for Europe; set to arrive in early June 2024.

·        Shipment would be second April-loading cargo from Indonesia bound for Europe.

·        Cargo loads from South Korea at end-April 2024 bound for US Gulf coast, set to arrive in early June 2024.

·        Volume of cargoes from South Korea set to reach US in May 2024 shows signs of falling from April 2024.

·        Cargo set to reach India in early May 2024 after loading from Middle East in late Apr 2024.

·        Cargo loads from Saudi Arabia in late April 2024 before heading to UAE via Red Sea; set to arrive around mid-May 2024.

·        Cargo loads from Saudi Arabia in H2 April 2024 before heading to Europe; set to arrive in coming week.

·        Cargo loads from Saudi Arabia around mid-April 2024 before heading to US; set to arrive around mid-May 2024.

·        Most of the April-loading cargoes from Saudi Arabia head via Suez Canal to markets like Egypt, Europe and US.

·        Large cargo of Group III base oils loads from UAE in past week before heading to India, set to arrive this week.

·        Cargo loads from Qatar around mid-March 2024, set to reach Europe in coming week.

·        Cargo of Group III base oils from Bahrain set to reach US Gulf coast this week.

·        Cargo of Group III base oils from Bahrain set to reach Europe this week.

·        Cargo of Group III base oils loads from Bahrain in H2 March 2024, set to reach Europe in H1 May 2024.

·        Cargo loads from northwest Europe in late-April 2024 before heading to Nigeria; set to arrive around mid-May 2024.

·        Cargo loads from US Gulf coast in mid-April 2024 before heading to Turkey, set to arrive in H1 May 2024.

·        Cargo loads from US Gulf coast in H2 April 2024 before heading towards South Africa; set to arrive around mid-May 2024.

·        Large cargo from US Gulf coast set to reach India in H1 May 2024.

·        Cargo, likely of Group I base oils, loads from US in H2 March 2024 before heading to Europe; set to arrive this week.