Volume 6 Issue 32

SSY Base Oil Shipping Report

The U.S. Gulf is not showing any serious signs of a summer recess so far. Europe has got off to a slow start to August, while in Asia market conditions are no better than before, but nor have they deteriorated further.-by Adrian Brown

Stock Exchange Deadline Passes for Tianhe

The Hong Kong Stock Exchange refused to say Wednesday whether it intends to boot Tianhe Chemicals from the exchange after the lubricant additive supplier failed to meet a deadline for trading of its stock to resume.

Japanese Lube Additive Maker Expands Plant

Japan's Adeka Corp. will complete an expansion of its lubricant additive plant this month, and seeks to expand sale of its engine oil additives to the United States and China, a company representative told Lube Report.

Results Up for Indian Lubes Companies

GP Petroleums, citing lower expenditures and taxes, and Apar Industries each posted a large increase in net profit for the quarter ended June 30.

From Other Editions of Lube Report

Briefly Noted

Castrol and Honda Motorcycle & Scooter India entered into an agreement this week. Honda will endorse a range of Castrol lubricants launched for its two-wheelers.