The new year began with a gradual build-up of demand, which has been fitting for the amount of vessel space available. U.S. Gulf The U.S. was closed for most of the holiday period, but this did not cause that much distress to ship owners, since most, if not all, ships were booked ahead and only a few started the year in prompt positions. Fog caused some slight delays in the U.S. Gulf, but cargo cancellations were rare and would have been largely pointless since there was not much around to act a...

Frost & Sullivan estimated the global metalworking fluids market will reach $12.1 billion revenue in 2020, up 37.5 percent from $8.8 billion in 2013, driven by booming end-user markets, especially in Asia. The findings were in the international market research firms recently published, Analysis of the Global Metalworking Fluids Market. Asia was the biggest regional market in 2013, with 39.9 percent of global revenue, followed by North America with 28.8 percent, Frost & Sullivan Chemica...

FAJARDO, Puerto Rico – Continuing years of discourse with the U.S. Congress and Environmental Protection Agency, NORA said a more favorable stance on rerefining polychlorinated biphenyl-contaminated used oil is now within reach. An Association of Responsible Recyclers is closer than ever to attaining relief from the federal Toxic Substances Control Acts inhibiting and overly restrictive regulations on PCBs in rerefining operations, legal counsel Steven Shimberg told the groups annual confe...

Worldwide, more than 12,000 engine oil products are licensed to display the American Petroleum Institutes service mark, known as the donut, and/or the institutes starburst certification mark. And every one of these licenses is going to expire if it is not renewed promptly between now and March 31, Kevin Ferrick of API warns. Ferrick reminded oil blenders and marketers of the deadline during the ICIS Pan American Base Oils and Lubricants Conference last month. Only products with current API licen...

Ukraines Alternative Fuels and Renewable Energy Association established a committee to provide technology standards and a platform for cooperation by businesses involved with used lubricants. The committee aims to unite companies specializing in collection, utilization and processing of used motor, transmission, hydraulic, transformer and industrial oils, the association (APEU) told Lube Report on Tuesday. The main goals are higher technological standards for the enterprises that work in used oi...