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Lubmarine in Shanghai Bulk Lube Delivery First

Maritime Activity Reports, Inc.

June 7, 2007

Lubmarine has become the first provider to deliver marine cylinder oil in true bulk to Shanghai. The first delivery, of Lubmarine’s Talusia HR 70 oil, was successfully completed on May 25, 2007. This will open the way for significant cost- and time-savings for shipowners and shipmanagers calling at the strategic Chinese port, where the demand for marine lubes is growing at an annual rate of at least twenty percent.

Up to now, bulk deliveries of marine lubes have been impossible due to Chinese customs regulations which oblige shipments to be made only in drums, to enable accurate calculation of incoming volumes. Lubmarine has now implemented a system where full duty-free bulk deliveries can be achieved.

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