Lukoil Marine Lubricants increases turnover to $200 million

Press Release
Friday, March 22, 2013
Photo: Lukoil

Specializing in lubricants for the maritime industry, Lukoil Marine Lubricants Ltd. increased its sales revenue in the past financial year 2012 by 74% to around $200 million. This result was announced by Lukoil Marine Lubricants’ CEO Victor Zhuravskiy in Hamburg.

Founded in 2008, Lukoil Marine Lubricants is a subsidiary of the Russian oil company Lukoil. The company’s recent performance marks a continuation of its headlong growth. “Having full support from the parent company we’ve managed to build a truly global, efficient organization which is now the fastest growing company in the industry. There are five operational offices in Russia, Germany, United Arab Emirates, Singapore and USA and number of highly experienced marine professionals all over the world located in Greece, UK, Italy, Norway, Holland, India, China, Hong Kong, South Korea, Japan, Taiwan, Australia and South Africa. We have everything in our hands so I’m confident we will continue to expand our business on a long-term basis”, Zhuravskiy stated.

Stefan Claussen, Technical and Marketing Director at the Hamburg office of LUKOIL Marine Lubricants, said, “By contrast with our competitors, we are persistently expanding our global network. Our lubricants are now more readily available in many ports than those of other suppliers. In addition, we focused at an early stage on the development of new high-grade oils for ship’s engines, which reduce both consumption and wear and tear.”

www.lukoilmarine.com
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

Wärtsilä Propulsion Equipment for 2 Fishing Vessels

Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment.

Teekay Renews Hull and Propeller Monitoring for LNG Carriers

Canada-based shipping company Teekay Corporation has renewed its contract with Propulsion Dynamics for its hull and propeller performance monitoring system CASPER Service.

Kirby Corp. Announces Record 3Q Results

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability.

Finance

Ensco plc Reports 3Q, 2014 Results

Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Chevron Announces Quarterly Dividend

The Board of Directors of Chevron Corporation today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable December 10, 2014,

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

Fuels & Lubes

Teekay Renews Hull and Propeller Monitoring for LNG Carriers

Canada-based shipping company Teekay Corporation has renewed its contract with Propulsion Dynamics for its hull and propeller performance monitoring system CASPER Service.

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

BG Group to Delay LNG Terminal on Canada's Pacific Coast

British oil and gas producer BG Group Plc will delay until the next decade a proposed liquefied natural gas export terminal on Canada's Pacific coast, the Wall Street Journal reported,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1790 sec (6 req/sec)