Volume 6 Issue 3
SSY Base Oil Shipping Report
January 18, 2019The European market has produced a little more activity, and Asian space is still fairly busy, apart from the weeks on either side of the lunar holidays. The U.S. market is strong and some freight rates keep increasing.-by Adrian Brown
BASF Adds Antioxidant Supply in China
January 18, 2019Feiya Chemical Co. has opened a factory in Chinas Jiangsu province to produce lubricant antioxidants on behalf of BASF. The plant was built under a technology licensing and manufacturing agreement aimed at helping BASF to meet growing demand in the local market.
Philippines Taxes Lubes, Raw Materials
January 18, 2019The Philippines Bureau of Customs implemented a second tranche of its Tax Reform for Acceleration and Inclusion Law, taxing a number of products, including lubricating oils and greases, along with base stocks and lubricant additives.
Thai Firms Team to Recycle Containers
January 18, 2019Bangchak Corp. and SCG Chemical Co. signed a memorandum of understanding last month to develop a lubricant packaging recycling scheme in Thailand.
From Other Editions of Lube Report
January 18, 2019Briefly Noted
January 18, 2019Shell Lubricants extended its partnership with Mahindra and Mahindra last week to distribute its new products through Mahindra’s dealership network throughout India. PetroChina‘s Kunlun Lubricant was named the official lubricant of the Beijing 2022 Winter Olympics last week.
Correction
January 25, 2019An article in the Jan. 4 issue included data about market shares of marine lubricant suppliers, some of which were disputed by one company. Lukoil Marine Lubricants claims to supply 14 percent of global volume lubricants used by the shipping industry, which it estimates to be between 1.9 million and 2 million metric tons per year.