Volume 5 Issue 16
SSY Base Oil Shipping ReportApril 20, 2018
The situation appears to be mixed across the globe. Some routes have done well this week and freight levels have recovered, but others have been quiet, which has put pressure on those rates.-by Adrian Brown
Asian Base Oils Under PressureApril 20, 2018
For the past few decades, Asia-Pacific refiners have played key roles as merchant suppliers of highly refined base stocks for lubricant markets around the world, but analysts from one company say that business is coming under pressure because of new capacity in other regions.
Group I Plant in Japan Resumes Full ProductionApril 20, 2018
JXTG Holdings Inc., said it resumed full production at its Wakayama refinery's API Group I base oil plant last month and began exporting product, a company spokesman told Lube Report Asia. The base oil unit had been running at partial capacity since a fire in January 2017.
Kangtai IPO Draws ScrutinyApril 20, 2018
Chinese additives manufacturer Jinzhou Kangtai published an updated prospectus in March, hoping to gain approval from Chinas securities regulatory commission for an initial public offering at the Shenzhen Stock Exchange.
Aussie Blender Plans New FacilityApril 20, 2018
Australian independent motor oils blender Nulon has submitted plans to build a $10 million, 10,696 square meter production and warehousing factory in western Sydney to replace its smaller and aging facility nearby. The company said it had outgrown its Moorebank facility.