Volume 5 Issue 46
SSY Base Oil Shipping Report
November 16, 2018Space from the U.S. Gulf is gradually draining away for the rest of the month due to improved demand. November space is tighter within Asia too. European markets are busier than previously, but lack of space is not an issue.-by Adrian Brown
Potential Growth for Indian Industrial Lubes
November 16, 2018Indias industrial lubricant market is expected to grow, but customer relations are key to retaining loyalty to brands, an industry expert said during ICISs first Asian Industrial Lubricants Conference in Singapore this week.
Locks Oil Starts Production at Blending Plant
November 16, 2018Locks Oil & Chemical (Zhejiang) Ltd. recently began operations at its new lubricant blending plant in Chinas Haiyan economic development zone. The company said the plant, which has 50,000 metric tons per year production capacity, will help meet growing demand for its products in south and east China.
Results Mixed for Indian Companies
November 16, 2018Balmer Lawrie & Co. reported an increase in operating profit, and Tide Water Oil Co. posted a jump in standalone net profit, while both Maximus International Ltd. and Continental Petroleum Ltd. reported declines in net profit, each for the quarter ending Sept. 30.
From Other Editions of Lube Report
November 16, 2018Briefly Noted
November 16, 2018SK Lubricants Co. will provide gear oil to Malaysian carmaker Proton after the two companies signed an agreement last week. SK Lubricants will supply ATF AP3 gear oil to Proton’s Saga MC car model beginning in April 2019 and running through the 32 months afterward. Savita Oil Technologies will manufacture and supply engine oils to Indian automobile manufacturerTata Motors under the Tata Motors Original Oils brand name.