News & Insights

Naphtha exports from the Russian Black Sea port of Tuapse to Asia-Pacific have firmed in April compared with last month, Vortexa data indicate, pointing to improved west-east arbitrage economics. At least three naphtha-loaded vessels from Tuapse have set off for Asia-Pacific so far in April, according to observed flows. Two more could depart for eastern markets by the end of the month, which would lift eastbound exports to their highest in several months from Tuapse. Demand for west of Sue...

A vacuum gasoil (VGO) cargo from Russia’s Black Sea port of Novorossiysk is travelling directly to the US Gulf coast this month, reflecting a shift in regional export dynamics. The medium-range (MR)-sized vessel Red Garnet loaded around 40,000t of VGO from Novorossiysk on 8 April—the only Black-Sea loaded transatlantic VGO voyage noted in April so far, according to Vortexa data. The vessel is currently heading to Houston, Texas and is due to arrive there in the first week of May. Ap...

Fuel oil exports from Rotterdam to the Asia-Pacific region were slower for the second consecutive month in April, compared with firmer outflows in the first two months of the year. At least two VLCC and two Suezmax-sized vessels are expected to load high sulphur fuel oil (HSFO) from Rotterdam for onward journey to Asia in April, Vortexa data show, which would be just below March export levels along the same route. The VLCC Olympic Liberty departed for the major bunkering hub of Singapore a...