Volume 5 Issue 12
SSY Base Oil Shipping Report
March 23, 2018Europe is still reasonably busy. The market from the United States to Asia has come unstuck, causing ripples to spread to some other U.S. routes. Asian markets are not particularly busy, but ships are sailing, and rates are generally stable.-by Adrian Brown
Thailand Shell Expands Lubricant Business
March 23, 2018Shell Co. of Thailand plans to increase its number of automotive oil change outlets and significantly raise lubricant sales by 2025 as the local lubricant market continues to grow.
Federal Karyatama Consolidates Production
March 23, 2018Following a restructuring that increased its lube blending capacity by 67 percent, Indonesias PT Federal Karyatama plans to expand in its domestic market and to venture into overseas countries.
PTT Sets Up Storage Hub
March 23, 2018Thailands PTT Lubricants will set up a lube storage facility for its Asean market and look into acquisitions to grow its overseas lubricant business, the company said.
Indias Used Oil Market Lags
March 23, 2018India is rerefining far less used lubricants than it could because of logistical challenges and apprehensions about the quality of recycled base oil, an expert said at an industry event in Mumbai last month.
From Other Editions of Lube Report
March 23, 2018Briefly Noted
March 23, 2018Indias Competition Commission recently approved German chemical distribution company Brenntag AGs acquisition of Chennai, India-based petroleum specialty products company Raj Petro Specialities. Shell China signed a cooperation agreement with Xian, China-headquartered compressor producer Shaanxi Blower Group Co., a local newspaper reported. Gulf Oil Lubricants India Ltd. signed Hardik Pandya, a famous cricket player, as its brand ambassador. Pandya joins cricketer MS Dhoni, who has been the lubricant producers brand ambassador since 2011.