Sinomed, a Piraeus-based authorized distributor of Sinopec marine lubricants, has announced the opening of a new stock point in South Africa. This marks a significant expansion of Sinopec’s global operations, providing ship operators and fleet managers in the region with easier access to the company’s high-quality marine lubricants.
Sinopec, one of the world’s largest petroleum and petrochemical companies, continues to lead the industry with its sustainable, high-performance lubricants. The new South African stock point reflects Sinopec’s ongoing efforts to strengthen its global supply network and meet the evolving needs of the maritime industry. As part of this expansion, Sinomed will offer the full range of Sinopec marine lubricants—including both main and secondary grades—through seamless bulk deliveries.
Strengthening the Global Supply Network
According to Vangelis Glyptis, Managing Director of Sinomed, “The establishment of this stock point in South Africa is a testament to Sinomed’s commitment to enhancing its global supply network and ensuring that vessels worldwide have reliable access to our high-quality marine lubricants. This expansion allows us to offer more efficient, cost-effective solutions for ship operators, while also strengthening Sinopec’s presence in critical shipping regions.”
“The South African hub, Stock points located in Durban and Cape Town, will provide bulk deliveries with a typical lead time of just two full working days. This will significantly improve service delivery to vessels in South Africa and surrounding regions. Additionally, vessels transiting through South Africa from Latin America will benefit from reduced logistical costs, further optimizing their operations.” Said Glyptis
Aligned with Sinopec’s 2030 Vision
The new stock point in South Africa is part of Sinopec’s 2030 vision, which aims to expand the company’s global footprint and improve the accessibility of its marine lubricants across key maritime hubs. With more than 70 countries and regions already covered by Sinopec’s distribution network, the company continues to lead the way in offering innovative lubrication solutions that enhance the efficiency and sustainability of the global shipping industry.
“By expanding into South Africa, we are able to support our customers with timely, efficient deliveries, strengthening Sinopec’s position as a trusted partner for the maritime industry worldwide,” Said Glyptis.
Expansion in Panama Coming Soon
Sinomed has also confirmed plans to launch a new operational hub in Panama in April. Panama’s strategic location makes it an ideal shipping hub, and this new stock point will further enhance Sinomed’s service to vessels passing through the Panama Canal. The Panama hub will offer minimal lead times and competitive pricing, ensuring timely delivery of Sinopec’s marine lubricants.
Recognition at the 2024 SINOPEC Global Partner Conference
Sinomed’s growth and partnership with Sinopec were recently highlighted at the 2024 SINOPEC Lubricant Global Partner Conference, where Sinomed was recognized as one of Sinopec’s top emerging partners. The event allowed Sinomed’s team to deepen their relationship with Sinopec and gain firsthand insights into Sinopec’s innovative blending plant in Beijing.
Sinopec’s 2030 Marine Lubricants Global Expansion Plan
Sinopec’s 2030 vision involves expanding its global reach and enhancing its supply capabilities in key shipping regions. The opening of the South African stock point and the upcoming Panama operations are integral to this strategy. These expansions will ensure that Sinopec’s high-quality marine lubricants are easily accessible to vessels worldwide, helping to optimize performance and reduce environmental impact.
About Sinomed
Sinomed, based in Piraeus, is the authorized distributor of Sinopec marine lubricants with supply network in Greece, Cyprus, South Korea, South Africa and expanding. The company plays a crucial role in supporting Sinopec’s global ambitions, helping to deliver sustainable and efficient lubrication solutions to the maritime industry. With Sinopec’s expanding global presence, Sinomed remains committed to offering high-performance products that meet the growing needs of ship operators worldwide.
For more information on Sinopec’s marine lubricants and Sinomed’s global supply network, ship operators and fleet managers can reach out to Sinomed directly for details on how they can benefit from Sinopec’s innovative lubrication solutions.
Source Sinomed