Global base oils – week of Feb 5: Cargo flows

·        Large cargo of Group II base oils loads from Taiwan in early Feb 2024 before heading to Singapore.

·        Cargo loadings from Taiwan continue, even if pace of loadings slows over last two weeks following unexpected plant stoppage.

·        Cargo of Group III base oils loads from southeast Asia in 1H Jan 2024, set to reach Europe in 2H Feb 2024 after travelling via southern Africa.

·        Cargo loads from Saudi Arabia in 1H Jan before heading to South Africa via Suez Canal and West Africa, set to arrive in 2H Feb 2024.

·        Cargoes from Saudi Arabia previously moved to South Africa via Red Sea.

·        Cargo loads from Saudi Arabia in 2H Jan 2024, set to reach UAE this week.

·        Cargo loadings from Saudi Arabia fall in Jan 2024 from previous month, with signs of slowdown in shipments to India.

·        Cargo of Group III base oils loads from Bahrain in 2H Jan 2024, set to reach Americas in early March 2024.

·        Cargo of Group III base oils loads from Bahrain in 2H Dec 2023, set to reach US Gulf coast in coming week.

·        Cargo of Group III base oils loads from Bahrain in early Jan 2024, set to reach northwest Europe in 2H Feb 2024, after shipment travels via southern Africa.

·        Large cargo loads from northwest Europe at end-Jan 2024 before moving to South Africa, set to arrive at end-Feb 2024.

·        Cargo is second to load from northwest Europe in 2H Jan 2024 bound for South Africa.

·        Cargo loads from Europe in 2H Dec 2023, reaches India in past week after traveling via South Africa.

·        Cargo of very light grades loads from southern Europe in early Jan 2024, set to reach India in coming week after traveling via southern Africa rather than Suez Canal.

·        Cargo loads from southern Europe in mid-Jan 2024 before heading to Singapore, set to arrive in early March 2024.

·        Original route via Suez Canal changes to route via southern Africa, extending length of journey.

·        Cargo loads from US at end-Jan 2024 before moving to Egypt, set to arrive in 2H Feb 2024.

·        Cargo adds to sharp pick-up in shipments reaching Egypt in Jan and Feb 2024.

·        Cargo loads from US in 2H Dec 2023, set to reach India this week.

·        Cargo of premium-grade base oils loads from Spain at end-Jan 2024, set to reach northwest Europe at start of this week.

·        Large cargo set to reach Nigeria at start of this week; origin of cargo unclear.

·        Cargo involved in ship-to-ship transfer at end-Jan 2024 with shipment that originated from Baltic region.