Volume 6 Issue 8
SSY Base Oil Shipping Report
February 22, 2019Business has picked up over the past week in Europe, but Asia is slow to gather momentum. The U.S. market is heavily committed to contracts, but less so for spot business. Space is tight all the same.-by Adrian Brown
Castrol India Expands Silvassa Plant
February 22, 2019Castrol India Ltd. plans to expand its Silvassa blending plant by 50 percent by 2021 to adapt to the changing landscape of the Indian lubricant industry and to meet growing demand, a company official said.
South Korean Base Oil Exports Up in 2018
February 22, 2019South Korean base oil exports rose 3 percent to 4.7 million tons in 2018, according to data released by the Korea Customs Service.
India Lube Demand Grows
February 22, 2019Indias lubricant demand grew around 2 percent in 2018, according to most of several industry observers interviewed by Lube Report about performance of the worlds third-largest lube market.
From Other Editions of Lube Report
February 22, 2019Briefly Noted
February 22, 2019Chinese quick-lube service provider The Master Too entered into a joint venture with Valvoline Inc. to operate quick-lube service centers in the Shandong province in eastern China. Enoc Group entered a partnership with Indian Oil Corp.to develop cylinder oil compliant with the International Maritime Organization’s 2020 0.5 percent sulfur cap for marine fuels and to distribute marine lubricants.