Cepsa and Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, Wednesday entered into an exclusive partnership to manufacture and market Cepsa branded marine and power generation lubricants in India.
As per the agreement, GP Global will manufacture, package and even import Cepsa branded lubricant products in India.
GP Global Energy will be manufacturing the marine and power generation lubricants through a contract with its group company GP Petroleums Limited at their plant at Vasai, Mumbai.
“India is a huge market for port modernisation and coastal shipping development. Major initiatives have been taken in this direction by our government,” said M Prabakaran, Global Head of Terminals & Country Head, GP Global Group, India.
“This partnership is our contribution to the governments Make in India vision and the vibrancy of the sector is a clear sign of resurgent interest in its potential. Cepsa is a well reputed international brand and will be a good fit for our portfolio.”
The partnership will strengthen the in house R&D facilities at GP Global and develop technologically advanced products in India.
The product range includes two stroke and four stroke Engine Oils, Hydraulic Oils, Gear Oils, Greases and other specialty lubricants required by this industry.
The Cepsa marine range of products includes Cepsa Larus, Gavia, Ciconia and Petrel lubricants, among others.
“This partnership will strengthen Cepsa’s international brand and the expansion of our lubricant business,” said Álvaro Díaz Bild, Vice President – Marketing, Cepsa.
“This will be the first time our lubricants will be produced outside our plants in Spain, as the facility in Mumbai has been the first approved by us after a rigorous and successful audit process.
“GP Global complies with our highest standards requirements, occupies a strong position in the Indian maritime industry, and has in-depth know-how of the lubricant and bunkering businesses.”
Carlos Giner, Director of Lubricants, Base Oils and Paraffin Waxes at Cepsa, added “Cepsa marine and power generation lubricants, as well as Cepsa’s broad lubricants portfolio, are currently exported from Spain to different countries.”
“The partnership with GP Global will provide the necessary framework to enter into the Indian market as the company has great experience in the marine market, especially in bunkering.”
Photo credit: Cepsa
Published: 20 July, 2018
‘Strong pressure’ from the Korea Development Bank and Korea Eximbank has resulted in the development, says letter seen by Manifold Times.
Brazil continues to be of strategic importance to Bunker One, and this expansion is in line with our ambition to strengthen our position in the Americas, said MD.
Product tested in the engines onboard M/F Fenja and M/F Menja, operating the route between Esbjerg the Danish mainland and the island of Fanø earlier this year.
Over an extended period of time, the Reserve Stability Number test is unable to accurately predict the compatibility and stability of marine fuels, it said
Up to USD 3.5 billion worth of global assets owned by Lim Oon Kuin and his two children are under scrutiny by liquidators looking to recover creditor debt.
Engine was developed by CSSC subsidiary WinGD and built by Shanghai CSSC Mitsui Shipbuilding Diesel Engine Co; it has received approval from French classification society BV.
Glander International Bunkering (Norway) AS seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer, according to court documents.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
