Volume 2 Issue 10

SSY Base Oil Shipping Report

Markets around the world still feel eerily calm, almost as though they are waiting for something like a spark to ignite demand, but it just fails to happen. For many owners it is a hand-to-mouth existence.-by Adrian Brown

IMO 2020 Forecast to Impact Base Oils

Vessel operators and oil marketers are girding for the impacts that IMO 2020 will have on shipping and marine lubricants, but an industry analyst predicts the law will also affect base oils, raising odds of API Group I closings while padding profitability of refineries with Group II and III plants.

Shell Opens Distribution Center

Shell Lubricants opened a 455,000 square-foot regional distribution center in Pittsburgh, Pennsylvania, with the help of third-party logistics provider Kenco Logistics, the companies announced Friday. The facility is the largest of Shells 11 distribution centers in the United States and will distribute products from its blending plant in West Virginia.

Quaker Chemical Rebounds; Rerefiner Revenue Up

Clean Harbors Safety-Kleen segment and Heritage-Crystal Cleans oil business segment each reported higher revenue for the fourth quarter and full year, while lubricant supplier Quaker Chemical rebounded with strong net income for the fourth quarter and full year.

From Other Editions of Lube Report

Briefly Noted

ExxonMobil announced that John Verity, president of ExxonMobil Chemical Co., retired. Karen McKee, senior vice president for basic chemicals, integration and growth, was appointed to take Verity’s place effective April 1. Bradford, Pennsylvania-based lubricants blender American Refining Group announced that John Malone joined its leadership team as vice president of sales and marketing.