Volume 5 Issue 21

SSY Base Oil Shipping Report

The European market has fared better than other regions this week. Asia has flopped again, and the U.S. looks rather ragged in places. Rising bunker costs are becoming a major factor for owners who will be trying to recoup the extra cost through higher freights. -by Adrian Brown

Shenhua, Naco Form Research Center JV

China Shenhua and Shanghai Naco Synthetics last week commemorated the opening of a joint venture research center designed to develop coal-to-liquids and gas-to-liquids lubricants technology.

Entering Indias Crowded Automotive Segment

Entering into Indias automotive lubricant market may seem like a no-brainer due to the countrys position as one of the globes largest markets, but the vast number of already established players can impede success, said an industry insider at an event in Mumbai last month.

Gulf Oil Lubricants India Reports Strong Profits

Gulf Oil Lubricants India Ltd., a Hinduja Group company, enjoyed significant increases in net profit for both its fourth quarter, and its full fiscal year, the company reported late last week.

Tianqi to Buy Stake in SQM

In a deal that would strengthen ties between two of the worlds largest lithium suppliers, Nutrien Ltd. agreed last week to sell a 24-percent stake in Chiles SQM to Tianqi Lithium Corp.

From Other Editions of Lube Report

Briefly Noted

Mumbai-based Savita Oil Technologies Ltd. re-launched its Savsol brand lubricants into the Indian market. As part of the re-launch, the oils will be in new packaging. Chevron Lubricants Lanka Plc.s CEO and managing director Kishu Gomes resigned Wednesday, effective immediately. Rochna Kaul, general manager of the companys Asia and Pakistan region, has been appointed to fill the role in an acting capacity.