Global Base Oils Cargo Flows: Week To 22 May

Asia

·         Cargo of Group II light and heavy-grade base oils loaded from Taiwan this week before heading to Vietnam, set to arrive in coming days.

·         Taiwan’s export volumes so far in May remained similar to April and below March levels.

·         Cargo of Group III base oils loaded from Indonesia in second-half March before heading to Northwest Europe, arrived in recent days.

·         Cargoes bound from South Korea to US stayed low so far in May, extending a slowdown from April.

·         Cargo loaded from Saudi Arabia in mid-May before heading to Singapore, set to arrive in early June.

·         Cargo loaded from Saudi Arabia in early May before heading to South Africa, set to arrive in the coming days.

·         Large cargo set to load from Saudi Arabia in the coming days; shipment size pointed to India as the likely destination.

·         Enquiry for a vessel to load a cargo from India in first-half June, with various destination options including Americas and Asia.

Europe

·         Cargo of premium-grade base oils loaded from Spain in recent days before heading to Northwest Europe, set to arrive by end-May.

·         Cargo of very-light grade base oils loaded from Spain in mid-April before heading to India, set to arrive in the coming days.

·         Cargo loaded from Northwest Europe in the past week before heading to Southeast Asia, set to arrive in second-half June.

·         Cargo loaded from Northwest Europe in second-half March before heading to Southeast Asia, set to arrive in the coming days.

Americas

·         Cargo loaded from the US at end-March before heading to India, arrived in recent days.

·         Large cargo loaded from US Gulf coast in mid-May before heading to Northwest Europe, set to arrive in early June.