Volume 5 Issue 27
SSY Base Oil Shipping Report
July 13, 2018A lethargy is beginning to creep onto the markets worldwide. The U.S. and some Asian routes are especially quiet. In Europe, the short-sea market continues to progress, but deep-sea is fading.-by Adrian Brown
Southeast Asia Shifts to Better Engine Oils
July 13, 2018Automotive engine oil demand in Southeast Asia is gradually shifting from obsolete grades to higher quality products, a Lubrizol official told an industry conference here last week. But lubricant marketers could probably help accelerate the process by cooperating with service workshops.
Esso Thailand Expands Distribution Channels
July 13, 2018Esso (Thailand) Public Co. plans to increase its lubricant market share by expanding its motorcycle oil distribution channels, said a company executive.
Motorcycle Oil Demand to Grow
July 13, 2018Global demand for motorcycle oil is set to grow at a compound annual rate of 3.5 percent to almost 1.8 million metric tons by 2022, largely due to Asia-Pacifics healthy two-wheeler market, according to a Kline & Co. presentation last week.
From Other Editions of Lube Report
July 13, 2018Briefly Noted
July 6, 2018ExxonMobil completed its acquisition of PT Federal Karyatama, one of Indonesias largest manufacturers and marketers of motorcycle lubricants, from PT Mitra Pinasthika Mustika Tbk. and its affiliate. Announced in April, the acquisition includes the Federal Oil brand and a new blending plant in Cilegon. Spain-based Repsol said in a recent update to its 2016-2020 Strategic Plan that it will expand its lubricants business international presence, including in Asia. The company started producing lubricants in 2011 at a plant in Kuala Lumpur, Malaysia, following an agreement with UMW, and Repsol also produces and distributes in other Asian regions such as China and Singapore.