Volume 2 Issue 29

SSY Base Oil Shipping Report

U.S. markets look fairly robust for the rest of July. Europe also seems as though it will get through the next couple of weeks without too much difficulty. Asia is not exactly busy, but owners are finding cargoes and there are clearly fewer prompt positions than before.-by Adrian Brown

Isla Refinery Inches Toward New Operator

Companies have submitted non-binding proposals to manage and operate the sparsely run Isla Refinery in Curacao beginning next year, the owner of the facility announced. A formal timeline for choosing a preferred operator is also set.

Hillenbrand to Buy Milacron for $2 Billion

Hillenbrand Inc. will acquire Milacron Holdings Corp. in a cash and stock transaction valued at $2 billion and expected to close in 2020s first quarter, the companies announced last Friday. Milacrons Fluid Technologies segment supplies metalworking and industrial fluids.

Lawsuits Waged Over Royal Manufacturing Sale

A court battle is being waged in Oklahoma over Axel Christiernsson's acquisition last year of grease producer Royal Manufacturing.

From Other Editions of Lube Report

Briefly Noted

Bradford, Pennsylvania-based American Refining Group Inc. appointed Sea Ready Marine Petroleum as its global distributor for marine lubricants.