Space is surprisingly tight in July on the majority of U.S. routes. The summer lull is still a little way off for Europe, while there have been mixed messages in Asia, with positive signs and some less-encouraging ones, too. U.S. Gulf Activity out of the U.S. is buoyant on many of the main routes. Space is also quite tight for July, which could have been expected to impact freight rates, but this situation occurred in May as well, and back then there was no real change in the freight structure,...

WD-40 reported net income of $10.3 million for the quarter ending May 31, up 12 percent from the year-ago period, with net sales up 7 percent at $93.1 million. Earnings rose to 66 cents per diluted share in WD-40s fiscal third quarter, compared to 57 cents per share in the year-earlier period. San Diego-based WD-40s fiscal year runs from Sept. 1 to Aug. 31. The companys fiscal third quarter sales in the Americas rose 8 percent to $47.6 million, sales in Europe increased 8 percent to $32.5 mill...

Health Canada is seeking comments on a proposal to repeal and replace its Controlled Products Regulations with new Hazardous Products Regulations to conform with the international Globally Harmonized System of Classification and Labeling of Chemicals. These new regulations would implement the GHS hazard classification criteria and hazard communication elements – labels and safety data sheets – as per the third revision of the GHS published by the United Nations in 2009 and, to the m...

SINGAPORE – My bet is on China, one expert opined, making this is a great moment for Western producers to supply the country’s growing demand for high efficiency machines, fuels and lubricants. Hong Kong based Daniel de Blocq van Scheltinga, managing partner of consultancy Polarwide Ltd., gave the keynote Asian economic overview at the ICIS Asian Base Oils & Lubricants Conference here June 26. The global economy is slowly mending, and people are more optimistic, Scheltinga said...

Calumet Specialty Products Partners recently announced plans to invest up to $40 million to double synthetic lubricants production at its esters facility in Louisiana, Mo., by August 2014. The facility currently has the capacity to produce 32 million pounds of ester-based aviation, refrigeration, air conditioning, and industrial lubricants. The state of Missouri is supporting the expansion by offering tax incentives to Calumet if it meets strict job creation and investment criteria, according t...

Rerefiner Evergreen Oil and parent Evergreen Environmental Holdings designated Clean Harbors Inc. as initial winning bidder for Evergreens assets, according to California bankruptcy court documents. Evergreen Oil, along with parent and sole shareholder Evergreen Environmental Holdings, filed for Chapter 11 on April 9, and established procedures to sell their assets, calling for the sale to close on or before July 8 this year. The companys investment banker received numerous bids on or about Ma...