Volume 2 Issue 48
SSY Base Oil Shipping Report
November 27, 2019Adrian Brown is away. His column will reappear in the Dec. 4 edition of Lube Report Americas.
IMO 2020 Approaches
November 27, 2019With the IMO 2020 regulation on marine fuels scheduled to take effect in just over a month, vessel operators and ports are still preparing for compliance. Industry insiders say some shipping will require more time to conform to the new requirements. Analysts also predict fallout for the base oil market, saying the regulation will probably force some plants to close.
Calumet Fined for Inaccurate Earnings Report
November 27, 2019The Securities and Exchange Commission on Nov. 25 charged Calumet Specialty Products Partners L.P. with posting an inaccurate and misleading earnings release in 2017. Without admitting or denying the findings, Calumet consented to entry of the SECs order and agreed to pay a fine of $250,000 as part of a resolution to the investigation.
Acquisitions Boost Parkland’s Lubes Sales
November 27, 2019Canada-based distributor Parkland Fuel Corp. reported 95 million Canadian dollars (U.S. $71.4 million) in revenue for its lubricants segment for the three months ending Sept. 30 - boosted by revenue from distributor acquisitions last year and this year - up 102 percent from CA$47 million in 2018s third quarter.
From Other Editions of Lube Report
November 27, 2019Briefly Noted
November 27, 2019Valvoline is implementing San Francisco-based Alloy‘s enterprise supply chain solution, which will use software to provide better visibility, reporting, analytics and alerting, while scaling the capability across retailers and Valvoline Instance Oil Change centers.