Volume 2 Issue 51
SSY Base Oil Shipping Report
December 17, 2019Tight space availability for December has caused rates to increase on most U.S. routes, as well as in Asia. The coastal market in Europe, however, is not especially tight, and freights have not visibly changed.-by Adrian Brown
Nynas Files for Reorganization Protection
December 17, 2019Nynas AB, one of the worlds largest suppliers of naphthenic base stocks, filed for reorganization protection in a Swedish court Friday after banks refused to extend its loans.
Lubrizol Partially Restarts Rouen Plant
December 17, 2019A regional governing body in France authorized Lubrizol last week to resume some operations at its Rouen lubricant additive plant, which has been sidelined since a fire in late September.
IMO 2020 Brings Increased Base Oil Freight Costs
December 17, 2019Compliance with the looming IMO 2020 will impact the cost of freight for African lubricant blenders, and some were advised to place orders for base oils before the International Maritime Organizations regulation goes into effect, industry sources said.
From Other Editions of Lube Report
December 17, 2019Briefly Noted
December 17, 2019French oil products supplierRubis, via its subsidiary KenolKobil, acquired Gulf Energy Holdings Ltd., a Kenyan fuel marketer that distributes lubricants and owns a fuel depot with a lubricants unit. Bolsover, United Kingdom-based Aztec Oils acquired the lubricants manufacturing business of St. Helens, United Kingdom-based Caldo Oils. The business, rebranded as Multispec, produces coolant, antifreeze and lubricants and greases for vehicles and engines.