Caribbean Basin exports of crude oil and heavy products have risen sharply this year, with data cited in a The report showing a substantial year-on-year increase.
According to the report, which was published on 22 September 2026, data from Signal Ocean indicate the Caribbean Basin has, year-to-date, exported 234 million more barrels than in the same period of 2025. Niels Rasmussen, Chief Shipping Analyst at BIMCO, is quoted as saying that the extra volume equates to an additional 880,000 barrels per day, representing a 45% jump compared with 2025.
Scale of the increase
The figures supplied in the reports item emphasise the magnitude of growth recorded through the year-to-date comparison. The 234 million-barrel uplift and the 880,000 barrels-per-day equivalent are presented in the report as derived from Signal Ocean's data and framed by BIMCO's analysis.
Adjustment for transhipment via the Bahamas
The report also notes an adjustment for a rise in barrels transhipped via the Bahamas, and it states that an estimate was made after accounting for that traffic. The verified notes provided do not include the remainder of that sentence or the numerical outcome of the adjustment, so the adjusted export total is not available here.
reports is identified as the publisher of the item dated 22 September 2026, and the report attributes the primary data to Signal Ocean with commentary from BIMCO's chief shipping analyst. The article delivered both the raw year-on-year change and the per-day equivalence used by the analyst to frame the change as a percentage increase over the prior year.
The combination of a data provider and an industry analyst underpins the figures cited in the report, with Signal Ocean supplying the underlying movements and BIMCO offering an interpretive calculation. The published headline and the analyst's comments as reported are the basis for the summary numbers presented in the news item.
The available notes do not set out further detail on geographic origins or destinations of the barrels beyond the reference to increased transhipment via the Bahamas, nor do they provide vessel counts, chartering patterns, or the product mix beyond the description “crude oil and heavy product.” Those elements were not included in the verified information supplied for this item.
Readers seeking the full adjusted export estimate, the methodology for the Bahamas transhipment adjustment, or further breakdowns by commodity type and trading route should consult the original The report and the underlying Signal Ocean dataset, as the supplied notes here stop short of those specifics.
The scale of the year-on-year change reported, however, is clear in the verified material: a 234 million-barrel increase year-to-date, expressed by the analyst as roughly 880,000 barrels per day and described as a 45% rise compared with 2025. These figures form the factual core of the published item dated 22 September 2026.