Sinopec signs lube supply agreements

Tue 7 Dec 2010, 09:09 GMT

Sinopec signs lube supply agreements

China's largest refiner inks marine lubricant deals with shipping companies.

China's largest oil refiner China Petroleum & Chemical Corporation (Sinopec) has signed new marine lubricant supply deals with four of the country's major shipping firms.

The new cooperation agreements are with China Merchants Group, COSCO Group, China Shipping Group and China National Foreign Trade Transportation (Group).

Sinopec had already signed agreements with the aforementioned companies in August 2009. The latest agreement is a further indication that Sinopec intends to strengthen its ties with the four shipping heavyweights in the marine lubricants sector.

Sinopec operates its lube oil business under the brand names of Great Wall and SINOPEC.

Deal Lubes China


		Oilmar welcomes summer intern to Dubai branch Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

		Oilmar takes on trading and finance intern in Dubai New intern to rotate across trading, operations and finance teams.

		Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

		EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.

		Peninsula and Itochu form joint venture to develop ammonia bunkering in Europe The two companies will initially focus on major European and Mediterranean port hubs.

		Flex Commodities appoints compliance analyst with Morgan Stanley background Dubai-based bunker trader hires onboarding specialist to bolster compliance team.

		NYK names eighth dual-fuel LPG carrier at Kawasaki Heavy Industries yard Lyla Pathfinder is capable of operating on both heavy fuel oil and LPG.

		Verde Marine Energy and Eleven Energy formalise strategic collaboration Alliance combines physical supply capabilities with an expanding international trading business.

		US Federal Maritime Commission chair to keynote IBIA Convention 2026 in New York Laura DiBella to address marine fuel industry leaders on regulation and market direction.

		Longer drains, lower cost: The role of oil analysis of synthetic engine oils \| Joe Star, VPS VPS recommends robust oil analysis programme for the safe extension of drain intervals.