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
Both firms also aim to promote energy-saving innovations and technologies, and alternative lower- and zero-GHG emission marine fuels, says NYK.
Becomes first local oil enterprise to conduct bunkering operations under new “multiple supply from one ship” and “direct supply across customs areas” delivery models.
Development combines Bunker Monitoring capabilities and services of Ascenz with rise-x.io’s QuayChain platform to optimise fuel expenditure and increase vessel profitability.
Encourages local Canadian and national companies to bid on the projects to replace aging fleet.
Advent will supply Laskaridis Shipping with its SereneU methanol-powered fuel cells for installation onboard selected dry bulk vessels.
Far East Bunkering Services (Melaka) Sdn Bhd has been appointed by Malacca Port Authority to handle and manage the area - the first of its kind - professionally.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
Digitalization can help shipping achieve its decarbonization goals but only if human factors are considered enough when introducing smarter maritime operations with ‘user-friendly’ technology.
Anand S/O Omprekas, Noruliman Bin Bakti, and Muhammad Khairul Asri Bin Mohamad Hanafiah were tasked to verify the quantity of cargo supplied to vessels by Shell Eastern Petroleum Private Limited.
