Three VLCCs departed the Louisiana Offshore Oil Port over the week ended December 8, with the crude cargoes on board bound for India and South Korea. LOOP did not release the names of the vessels that were loaded and it was unclear exactly which VLCCs departed the port for export. However, cFlow, Platts’ trade flow software, reported that three laden or partially laden VLCCs exited LOOP last week. The Khurais set sail from LOOP on December 5 and is bound for Kochi, India, according to cFlow. It is expected to arrive at the west coast of India on January 12. Another vessel, Lulu, left LOOP on December 7 and is expected to arrive at India’s east coast port of Paradip on January 19. The third VLCC, Maharah, was loaded at LOOP and set sail December 2. It is expected in Daesan, South Korea, on January 23. The three VLCCs were loaded with crude sourced from LOOP’s Clovelly Hub, including a light sweet crude grade, most likely either LLS or WTI MEH, according to industry sources. The remaining two cargoes could contain Mars, Poseidon or LOOP Sour crude. The three VLCCs were loaded one after the other, representing a reduced overall… continue reading
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Source: CTRM Center