Volume 1 Issue 4
SSY Base Oil Shipping Report
January 23, 2018U.S. rates to Asia are shooting up but are stable to other destinations. Europe is more active on all fronts compared to last week, while Asia is regarded as slower.-by Adrian Brown
Fuchs: Lube Demand Could Give Way
January 23, 2018Global lubricant demand reached 35.7 million metric tons in 2017, neck-and-neck with the year before, indicates an initial tally from Fuchs Petrolub SE. Perhaps 900,000 tons or more of that could evaporate in the coming decade, however, due to electric vehicles and other disruptive technologies, a company executive warned.
Study Puts EALs in Spotlight
January 23, 2018Marine industry classification society DNV GL, in cooperation with three marine insurers, has initiated a project to study whether biodegradable lubricants play a role in stern tube bearing failures.
Fuchs S.A. Gains Lubritech Division
January 23, 2018Four years after acquiring the Lubritene and Lubrasa specialty lubricant businesses and making them part of its South Africa subsidiary, Fuchs Petrolub has turned them into a division of its Lubritech specialty lubricants company.
From Other Editions of Lube Report
January 23, 2018Briefly Noted
January 23, 2018ATIEL, the Technical Association of the European Lubricants Industry, appointed Marco Digioia as its new president, following Peter Tjans retirement at the end of last year. Digioia is a Brussels-based transport industry expert who formally worked as director for government affairs at Cruise Lines International Association. Turkeys marine lubricants market revenue is exhibiting significant growth, and is expected in increase at a compound annual rate of almost 3.5 percent between 2014 and 2022, according to Transparency Market Research.