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Singapore's first UAE-bound cargo since March, headed for Fujairah outside the Strait of Hormuz, hints at emerging routes around the strait's worst disruptions
Shipments from South Korea to Brazil, and an enquiry for a cargo from India to Brazil, point to a pick-up in arbitrage flows to South America
Saudi Arabia loadings stayed low through mid-August, keeping Middle East supply into international markets constrained
Asia
· Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days.
· A cargo loaded from South Korea in second-half June and reached Brazil in recent days, after a stop in South Africa.
· A large cargo loaded from Singapore in the past week before heading to Fujairah, UAE, set to arrive in second-half August; it is the first such shipment to the UAE since March.
· Enquiries for a vessel to load another shipment from Singapore at end-August before heading to UAE, and for another vessel to take a shipment to Egypt.
· Enquiry for a vessel to load a cargo from Thailand in early September before heading to India.
· A cargo of Group III base oils loaded from Indonesia in recent days before heading to South Korea, set to arrive in late August.
· A cargo of Group III base oils loaded from Malaysia in first-half August before heading to Brazil, set to arrive in early September.
India/Middle East
· A cargo of Group III base oils loaded from India in recent days, with the US the likely destination.
· Enquiry for a vessel to load a cargo from India in late August or early September before heading to Brazil.
· A large cargo is scheduled to reach India in the coming days, after loading supplies in Indonesia in early-August and in China in late-July.
· Cargo loadings from Saudi Arabia remained low so far in August.
Europe/Americas
· A large cargo loaded from Northwest Europe at end-June is set to reach Kenya in the coming days, after a stop in South Africa.
· A large cargo of premium-grade base oils is set to load from Spain in the coming days before heading to Northwest Europe.
· A cargo loaded from the US in mid-July is set to arrive in South Africa in the coming days.
· A large cargo loaded from US in mid-July is set to arrive in Northwest Europe in the coming days.
