Global base oils cargo flows: Week of 21 April

·         Several more Group II cargoes load from Taiwan in past week, adding to steady flow of shipments so far in April 2025.

·         Most of the cargoes head to southeast Asia.

·         Cargo loads from South Korea around mid-March 2025 before heading to Brazil, set to arrive in H1 May 2025.

·         Cargo likely consists of Group II base oils.

·         Cargo of Group III base oils loads from Indonesia in H1 March 2025 before heading to northwest Europe, arrives in recent days.

·         Cargo loads from Saudi Arabia early this week before heading to South Africa, set to arrive in H1 May 2025.

·         Cargo loads from Saudi Arabia around mid-Apr 2025 before heading to UAE.

·         Cargo of Group III base oils loads from UAE around mid-Apr 2025 before heading to northwest Europe, set to arrive at end-May 2025.

·         Cargo of Group III base oils loads from Bahrain around mid-Apr 2025 before heading to northwest Europe, set to arrive in late-May 2025.

·         Cargo loads from US Gulf coast in early-March 2025 before heading to South Africa and then India, set to reach India in coming week.

·         Large cargo of Group I base oils loads from Argentina in H2 Apr 2025, with destination unclear.

·         Same vessel loaded another large Group I cargo from Argentina at end-Feb 2025 before going to Nigeria.