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

ABB's 25th Year in Dubai

ABB Turbocharging is celebrating its 25th anniversary in UAE. Established in 1989 in Dubai, ABB has grown to become a fully-fledged service station capable

Moore Stephens Expects Vessel Operating Cost to Rise

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.

Wärtsilä Steerable Thruster Gets Class Approval

DNV-GL approved the design of the Wärtsilä WST-14 thruster, significant as approval was granted based on a thruster design that has yet to be introduced into full series production.

Finance

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

Fuels & Lubes

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

UASC Targets Expansion to Beat Container Market Blues

UASC expects to reach volume of 2.35 mln TEU in 2014 Global carriers still struggling with weak conditions United Arab Shipping Company (UASC) is on a major expansion drive,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction 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: 0.0426 sec (23 req/sec)