Volume 5 Issue 16

SSY Base Oil Shipping Report

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 Pressure

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 Production

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 Scrutiny

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 Facility

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.

From Other Editions of Lube Report