Volume 5 Issue 33

SSY Base Oil Shipping Report

None of the main markets can claim to have been busy over the past week. At best, the vessel supply to demand picture in each region has not worsened, and it could even be said to have tightened slightly in a few areas, but overall, freights remain weak.-by Adrian Brown

Master Fluid Solutions Plans New China Plant

Master Fluid Solutions has invested in a new metalworking fluids blending plant in Taicang, China, the company announced on Wednesday. The new facility is the Perrysburg, Ohio-based companys single-largest investment globally and will double its capacity in the country.

Outlook Upbeat for Process Oil Market in India

The outlook for the process oil market in India remains upbeat, driven by demand from the power sector as well as the cosmetics and pharmaceutical industries, an expert said at an industry event here earlier this month.

GP Broadens Lube Brand Footprint

India-based GP Petroleums Ltd. on Wednesday announced an agreement with lubricant producer Mag Lube to manufacture and market GPs Ipol lubricants in the Middle East and Africa. The agreement marks the next step in GP Globals plan to take its Ipol brand global and expand production capacity.

Profits Up for Tide Water, Continental; Down for Apar

Apar Industries reported a hefty decline in net profit, while Tide Water Oil Co. and Continental Petroleums Ltd. both posted healthy increases in net profit for the quarter ending June 30.

From Other Editions of Lube Report

Briefly Noted

Petronas Lubricants International will begin operation of a new blending plant in Maharashtra, India in October. The company invested $55 million in the new facility. Sea-Land Chemical Co. will distribute Ulsan, South Korea-based Songwon Industrial Co.s aminic, phenolic, phosphite and thioester antioxidants – used in the industrial lubricants, transportation lubricants and grease market segments – to customers in the United States, Canada and Mexico.