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PalmTrack

PalmTrack—Update for the Week

This week in PalmTrack, we covered:

  1. Neste's renewable ops & news: Neste Oyj of Finland has been a big mover in renewable transport fuels and has been the group to watch for quite some years now. It is worth looking at Neste’s most recent financial reporting for how its sourcing platform, expansions, and maintenance are evolving, as well as its slew of news headlines.

  2. Tankers from Lubuk Gaung Port: PalmTrack’s sample reports over 200k net tonnage of tanker arrivals from Lubuk Gaung origin, in the four weeks leading up to 23 Jan 2022. This zone is a prominent with big refineries, oleochemical facilities, and also includes waste oil processing. Key exporters include RGE-Apical-AAA, GAR-Sinarmas, Musim Mas, and others. Port-at-calls regions are notably Europe and Malaysia-Singapore.

  3. Tankers from Indonesia: Port calls for 10–23 Jan 2022 (14 days) count, c. 60 palm-related tankers, with sample net tonnage c. 360k (versus 14D to 9 Jan, c.70 tankers with sample net tonnage c.430k). These two weeks (10–23 Jan), the share of calls was higher for ASEAN (Malaysia, Singapore) and Americas ports. In the news, Indonesia requirement for export permits for palm oil. Indonesian used cooking oil (UCO) exporters are also concerned about new export restrictions that came into force on 24 Jan.

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

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PalmTrack Resumes!

PalmTrack resumes after a two-week break, bringing you more news and analysis on the palm products trade.

The last three months of 2021 saw some significant updates in the area including: (1) expectations of further port delays and congestions at major Chinese ports amid AIS data block and tighter pandemic-related regulations; and (2) our watchlist of nearly 50 palm-related vessels; and (3) vessel movements of selected trade origins and/or destinations, including tanker presence at the Dumai area, Indonesia-India tanker voyages, and tankers travelling from Malaysia, Papua New Guinea, and Thailand.

This year, we start off with a three-part series on the analysis of the issues and opportunities in palm biofuels. We have just published Part 1, which looks at the USD billions involved and who is more or less committed to spending and paying for it. We have also looked at the impact of the flash floods on palm oil supply in Indonesia and Malaysia. Subscribe to PalmTrack to read these posts!

Written by KHOR Yu Leng and Nadirah SHARIF of Khor Reports/Segi Enam Advisors, PalmTrack is a free, members-only space offering exclusive updates focusing on the palm products trade and presenting info-data driven insights with reference to granular trade statistics, near-time shipment/cargo information, and human-source market intelligence. Our coverage centres around Indonesia’s ports. Click the link below to subscribe!

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[Sample!] PalmTrack—Global Map of Key Palm Oil Company Vessels

PalmTrack continues with its exclusive update on palm tanker movements. Here’s a sample article of what we’ve been up to recently:

The above near real-time map shows estimates of tankers associated with major palm oil groups for 14 Dec 2021. Most appear to operate more frequently within the Southeast Asian region, with several deployed to key destinations including India, China, and Sri Lanka. We have a tanker watchlist of nearly 50 vessels of over 3 million net tonnage; many of these vessels appear in the map above, including the GS Future, Venus, and Melati Dua.

research@segi-enam.com | 14 Dec 2021

For online view only. Please to do not redistribute without our express permission. We offer subscription services for those who wish to do so.

Corporate Subscription (upcoming) offers more granular info-data details on product, trade and vessels mentioned in our reports.

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

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PalmTrack—A December 2021 Recap

As PalmTrack enters well into its second month, we continue to offer readers exclusive updates on the palm products trade. Here are a few snippets of the news we covered this past month:

We have a tanker watchlist of nearly 50 vessels with over 30 million net tonnes associated with key palm oil companies. Subscribe to PalmTrack and head on over to our post to see a near real-time map showing the estimated positions of some of these tankers.

As 2021 draws to a close, there are several recent key news and chatter surrounding the palm oil trade. Read our post for some of our market observations about food safety, sustainability, and Thailand from our interviews with experts.

Following reports on Indian refiners reducing their palm oil purchases and making the switch to sunflower and soybean oils, we have collected data on palm-related tankers sailing from Indonesia to India. Read our post for an analysis of this sample of data.

Other news:

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

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[Sample!] PalmTrack—Indonesia-India Vessel Movement

To give a feel of what has been going on on PalmTrack, here’s a sample article on Indonesia-India vessel movements:

Indian refiners are reportedly lowering their palm oil purchases, reducing their Nov 2021–Jan 2022 shipments, and making a switch towards sunflower and soybean oil imports instead. The steep rally in palm oil price has reduced its discount, giving way to rival oils.

India imports 13-15 million tonnes of palm oil a year, i.e. over 1 million tonnes a month. We had a preliminary look at tanker movements from Indonesia to India based on ship published origins and destinations (which is usually incomplete because not all vessels make full reports). This sample of tankers, covering an estimated 10% of total India monthly imports, largely originates from Riau and South Kalimantan and goes to Gujarat and Kerala. Top destination ports were Kandla (Gujarat), Vizhinjam, Cochin (Kerala), Haldia (West Bengal), and Mangalore (Karnataka).

Based on trade intelligence, we know the sample of tankers have been associated with major palm trader-processors and cargoes (YTD 2021); see text bubbles for key names. To review actual shippers and cargo, other datasets* can be reviewed.

We have further details for both arrival and departures by port/province/region, vessel tonnage, and granular information to jetties.

*It would also be useful to review customs info-data (not included in this summary). Please reach out to us at research@segi-enam.com.

research@segi-enam.com | 3 Dec 2021

For online view only. Please to do not redistribute without our express permission. We offer subscription services for those who wish to do so.

Corporate Subscription (upcoming) offers more granular info-data details on product, trade and vessels mentioned in our reports.

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

$380.00
Every year
$38.00
Every month

PalmTrack: A Month's Reflection

It’s been a busy month for PalmTrack—from observations about vessel movements to weather outlooks, PalmTrack continues to offer exclusive updates surrounding the palm products trade. Some more recent topics we’ve written about include an alert for a La Niña phenomenon in the coming months; major palm oil players who have been using containers are switching to bulk shipments; the conclusion of a near three-week observation of the ports in the Dumai area.

ASMC (Oct 6, 2021): “September to November (SON) season rainfall anomaly composites (mm/day) for El Niño (left) and La Niña (right) years. Brown (green) shades show regions of drier (wetter) conditions. Note that this anomaly composite was generated using a limited number of El Niño and La Niña occurrences between 1979 and 2017 and therefore should be interpreted with caution (data: NOAA CPC CAMS_OPI).”

Subscription is free at the moment, and members will have access to relevant research data and news stories. We also offer more granular trade and vessel data mentioned in our reports for corporate subscribers.

Interested? Subscribe by clicking the button below!

NEW! Khor Reports' PalmTrack Kicks Off

September is a month of a couple of new things for Khor Reports—the first was our PolTracker: Malaysia—1 Sep 2021, an online-view only report tracking hot topics and themes in Malaysia’s political economy and backed by data from social media and human-sourced intel.

This time, we are shifting our focus back to the staple of our work: the economics of the palm oil industry. Khor Reports is proud to present PalmTrack!

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In PalmTrack, we offer exclusive updates surrounding the palm products trade. Written by Khor Reports/Segi Enam Advisor’s Khor Yu Leng and Nadirah Sharif, we aim to provide info-data driven insights with reference to granular trade statistics, near-time shipment/cargo information, and human-source market intelligence. PalmTrack mainly covers key Indonesian ports.

At the moment, subscription is free! Members will have access to relevant research data and news stories, including trade updates from key export countries and reports on sustainability and geopolitical conflicts. We also offer more granular trade and vessel data mentioned in our reports for corporate subscribers.

Interested? Subscribe by clicking the button below! Questions? Feel free to reach out to us at research@segi-enam.com.