Volume 6 Issue 5

SSY Base Oil Shipping Report

Adrian Brown is away. His column will reappear in the February 8 edition of Lube Report Asia.

Heavy Trucks to Boost Chinas HDMO Demand

Chinas demand for heavy-duty motor oils for trucks is expected to grow at a compound annual rate of 0.6 percent through 2022, thanks primarily to an anticipated boost in the countrys heavy truck population, according to a new study by Kline & Co.

Aramco Wants Stake in Oilbank

Saudi Aramco has reached an agreement to buy a minority stake in Hyundai Oilbank - a deal that would give it a share of yet another base oil plant.

Earnings Up for Castrol, Apar, Savita; Down for GP

Castrol India Ltd. reported a strong increase in profit, GP Petroleums Ltd. posted a significant decrease in net profit, Apar Industries posted a jump in operating income and Savita Oil Technologies Ltd.s total revenue grew for the quarter ending Dec. 31.

From Other Editions of Lube Report

Briefly Noted

Amsoil will provide lubricants through a partnership with Envision Energy, NGC and CLCP as the companies will together provide wind industry products and service to the Chinese market. Motor Image, an Asian distributor of Subaru vehicles, entered a partnership with Motul Lubricants, which will supply a line of exclusive lubricants for Subaru vehicles in the region.