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India continued to load or line up cargoes for a growing number of destinations, extending its emergence as a key swing supplier
Saudi Arabia's loadings stayed unusually low through August, while Taiwan's slowdown extended into a second week ahead of a seasonal pick-up in demand in the coming weeks
Shipments from Europe to Singapore picked up again after slowing earlier in the third quarter
Asia
· A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far.
· An unusually large cargo loaded from Singapore in the past week before heading to Hong Kong.
· The last time a cargo of this size moved from Singapore to Hong Kong was in 2023.
· There was an enquiry for a vessel to load a cargo from South Korea in second-half September before heading to the Baltic market.
· A cargo of Group III base oils loaded from Indonesia in early July before heading to Northwest Europe via South Africa, set to arrive in the coming days.
· A cargo loaded from South Korea in mid-August before heading to the US Gulf coast, set to arrive in second-half September.
India/Middle East
· A large cargo was set to load from India in the coming days, with the US a likely destination.
· A smaller cargo was also set to load from India in the coming days, with Southeast Asia a possible destination.
· A cargo loaded from India in first-half August, bound for Italy via southern Africa, set to arrive in second-half September.
· There was an enquiry for vessels for prompt loading of cargoes from India before moving to the Middle East or West Africa.
· A cargo loaded from Saudi Arabia in mid-July before heading to Northwest Europe, arrived in recent days.
· A cargo loaded from Saudi Arabia in recent days before heading to Egypt, set to arrive next week.
· Total cargo-loadings from Saudi Arabia remained unusually low so far in August.
Europe/Americas
· A cargo of premium-grade base oils loaded from Spain this week before heading to a port in Spain.
· A large cargo loaded from Northwest Europe around mid-August before heading to Singapore, set to arrive in second-half September.
· Total cargo loadings from US to Europe showed signs of rising so far in August compared with June and July.
