Volume 5 Issue 45
SSY Base Oil Shipping Report
November 9, 2018A couple of routes out of the United States have moved up a gear this week, and prompt space is gradually disappearing from the Asian market. Europe, however, is inundated with ships and rates remain weak.-by Adrian Brown
Chinese Blenders Have Seen Big Changes
November 9, 2018Industry consultants say the lubricant business has undergone big changes in the past quarter century for private Chinese blenders, and that they have changed the market, too.
Forecast Sees Growth for Auto Lubes
November 9, 2018Global demand for automotive lubricants should continue to rise even as electric vehicles become more popular, an official from consultancy Frost & Sullivan said recently. Thats because the global vehicle parc will still be dominated by internal combustion engines despite quickly increasing sales of EVs.
Earnings Wrap-up: South Korea, India
November 9, 2018SK Lubricants, S-Oil and Hyundai Shell Base Oil Co. each reported lower profit for the quarter ending Sept. 30. Chevron Lubricants Lanka Plc. reported decreased profit for the third quarter, and Savita Oil Technologies posted a decline in quarterly net profit.
From Other Editions of Lube Report
November 9, 2018Briefly Noted
November 9, 2018Honda Motorcycle & Scooter India Pvt. Ltd. launched co-branded MAK Honda Power engine oil in association with MAK Lubricants (Bharat Petroleum Corp.). Tata Motors and Gulf Oil Lubricants India Ltd. signed an agreement to launch a range of co-branded lubricants for the passenger vehicle segment in India. The companies will sell co-branded Tata Motors Genuine Oil in the high street bazaar market under the partnership.