Volume 1 Issue 38

SSY Base Oil Shipping Report

Owners everywhere were glad to see the back of August since it was such a quiet month. September has started cautiously, but there are one or two areas where activity levels have shown a slight improvement.-by Adrian Brown

Group I: Resilient in Middle East?

API Group I production will survive in the Middle East despite rising output of more highly refined base stocks, thanks to demand from within the region as well as Asia and Africa, an industry insider said at a conference in Mumbai last month.

Cosans Moove Buys European Distributors

Moove, the lubricant and base oil arm of Brazil-based energy multinational Cosan, announced the recent acquisition of two lubricant distributors in Europe - Lubrigrupo in Portugal and TTA Lubrifiants in France.

Local Firm Gets Nod for Chevron Sale

The South African Competition Tribunal last Thursday conditionally approved a Glencore-backed consortiums proposed acquisition of a controlling stake of Chevrons downstream operations in the country, which industry observers said would be a landmark deal for the domestic lubricants market.

From Other Editions of Lube Report

Briefly Noted

Oxea will increase list and off-list prices in Europe effective Oct. 1 on carboxylic acids 2-ethylhexanoic acid by 100 (U.S. $117) per metric ton and isononanoic acid by 50/t; and on industrial polyols NPG by 110/t and TMP by 110/t.Fuchs Petrolub purchased two properties in Mannheim, Germany last week with plans to build a new office building and logistics center with an automated warehouse for raw materials on the sites.Klueber Lubrication and Wilhelmsen Ships Service signed a distribution partnership for Wilhelmsen to distribute Kluebers lubricant products.