Volume 5 Issue 21

SSY Base Oil Shipping Report
May 25, 2018The 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
May 25, 2018China 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
May 25, 2018Entering 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
May 25, 2018Gulf 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
May 25, 2018In 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
May 25, 2018Briefly Noted
May 25, 2018Mumbai-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.