Global base oils cargo flows: Week of 5 May

·         Taiwan sees pick-up in cargo-loadings in early-May 2025 after sharp slowdown in H2 April 2025.

·         Large cargo of mostly Group II heavy-grade base oils loads from Taiwan in past week before heading to India and Turkey, via South Korea.

·         Singapore takes delivery of cargo from Netherlands in past week.

·         Shipment is first from Europe to reach Singapore in more than a month.

·         Cargo loads from South Korea at end-April before heading to northwest Europe, set to arrive around mid-June 2025.

·         Slowdown in cargoes from South Korea to US extends into early-May 2025.

·         Volume of shipments from South Korea set to reach US in May 2025 likely to stay lower than usual for second month.

·         Cargo of Group III base oils loads from Indonesia at end-April 2025 before heading to northwest Europe, set to arrive in H1 June 2025.

·         Largo cargo loads from Saudi Arabia at end-April/early-May 2025 before heading to India, set to arrive in H1 May 2025.

·         Cargo loads from Saudi Arabia in H2 April 2025 before heading to South Africa, set to arrive this week.

·         Cargo loads from northwest Europe at end-April 2025 before heading to Nigeria, set to arrive in H2 May 2025.

·         Large cargo loads from US Gulf coast in early-May 2025 before heading to India, set to arrive in early-June 2025.

·         Cargo loads from US Gulf coast in late-April 2025 before heading to Turkey, set to arrive in H2 May 2025.

·         Large cargo loads from US Gulf coast at end-March 2025 before heading towards South Africa and then Kenya, set to reach Kenya this week.

·         Shipment would be first from US to Kenya in more than six months.

·         Size of cargo suggests large portion of shipment then likely to move on to other outlets like India or Pakistan.

·         Large cargo loads from US in early-May 2025; size of shipment suggests it is likely bound for outlet like Europe.