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The global marine lubricants market size is anticipated to reach USD 9.47 billion by 2026 owing to the increasing need to protect engines from corrosion. This information is provided by a published report by Fortune Business Insights™. The title of the report is, “Marine Lubricants Market Size, Share & Industry Analysis, By Product (Marine Cylinder Oil, Piston Engine Oil, System Oil, and Others; By Ship Type (Bulk Carrier, Oil Tankers, General Cargo, Container Ships, Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 8.01 billion in 2018 and will rise at a CAGR of 2.13% during the forecast period, 2019 to 2026.

The report provides a 360-degree overview of the market, focusing on major growth parameters such as drivers, restraints, challenges, trends, and opportunities. It also offers the competitive landscape of the market and list of leading players. Segmentation of the market based on factors such as product, ship type, and regions is discussed in the report. Apart from this, key industry developments and other interesting insights are provided in the marine lube market report. The report is available for sale on the company website.

Information Source

https://www.fortunebusinessins....ights.com/industry-r

Drivers –

Rising Focus on Enhancing the Operability of Ship Engines will Drive Market

The rise in fuel prices has propelled shipping companies to operate engines at maximum levels by slow steaming and save fuel. However, marine engines are incapable of operating at reduced rates continuously and this raises the possibility of corrosion in the engine and its associated strained components. For ensuring proper and safe functioning of engines, marine lubricants are a necessity. The above factor stands as a major driver for the marine lubricants market growth. Additionally, the rise in trade relations between nations and the expansion of e-commerce overseas are also helping the market gain impetus.

Furthermore, analysts at Fortune Business Insights™ say “Focus on keeping machines and marine vessels free from corrosion will help the market gain traction in the forecast period. This, coupled with the advent of bio-based lubricants in the market, will create lucrative growth opportunities for the market in the long run.”

Regional Analysis –

Increasing Trade Relations between Developing Nations to Help Asia Pacific Continue Dominance in Market

Asia Pacific holds the majority portion of the marine lubricants market share on account of the presence of large ship fleet companies in the region. These include China Shipping Container Lines, China Ocean Shipping Company, Mitsui O.S.K. Lines, among others. As per the report by The United Nations Conference on Trade and Development (UNCTAD), around 50% of the ships across the world are owned by Asia Pacific Nations. Additionally, the presence of dry docks in this region is high and this also adds to the regional market growth. Furthermore, increasing trade relations between emerging nations such as Taiwan, China, and India, coupled with the rise in the number of naval vessels, will help augment the regional market in the forecast period.

On the other side, the market in North America held a single-digit share earning revenue of USD 3.41 Billion in 2018. This was due to the presence of a few ship owners in the region. However, with a steady increase in trade, this region will witness moderate growth in the foreseeable future.

Competitive Landscape –

Companies Engage in Contracts and Agreements to Stay Ahead of Competition

An estimate of 85% and more of marine lubricants worldwide are sold through supply agreements and contracts instead of being sold at stock price rates. Therefore, to strengthen their network across different ports for worldwide supply, manufacturers are emphasizing on entering into long-term contracts and agreements with shipping companies. For instance, a framework agreement was signed between CCCC Dredging (Group) Co. Ltd. and Shell for supplying marine lubricants and technical services via 700 ports and more in 61 nations across the globe.

Notable Marine Lube Market Manufacturers:

BP p.l.c.
SINOPEC
Repsol S.A.
The PJSC Lukoil Oil Company
Eni oil Products
Exxon Mobil Corporation
Croda International Plc
AvinOil S.A.
Total SA
CEPSA
Royal Dutch Shell Plc
Gazprom Neft PJSC
Chevron Corporation
Others

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Protecting the Best Interests of Children: Navigating Child Custody

When it comes to matters of child custody, ensuring the best interests of the children involved is of utmost importance. Child custody cases can be complex and emotionally challenging, particularly in situations where https://whalley-law.com/ and domestic violence are factors to consider. This article aims to shed light on the intricacies of child custody proceedings and provide guidance on navigating such cases while prioritizing the safety and well-being of children.

Understanding the Impact of Domestic Violence

In child custody cases involving domestic violence, the well-being of the children must be the primary focus. https://whalley-law.com/family-law/domestic-violence/ creates an environment of fear, instability, and harm, which can have severe and lasting effects on children's physical and emotional well-being. Recognizing the signs of domestic violence and its impact on children is crucial in determining appropriate custody arrangements that prioritize their safety and best interests.

The Role of Civil Protection Orders

Civil protection orders serve as a vital tool in safeguarding the well-being of individuals and families affected by domestic violence. These orders provide legal protection by restraining the abuser from contacting or coming near the survivor and their children. In child custody cases where domestic violence is present, obtaining a civil protection order can play a significant role in ensuring the safety and security of the children involved.

Navigating Child Custody Proceedings

When navigating child custody proceedings involving domestic violence, it is essential to prioritize the safety of the children. Here are some key considerations to keep in mind:

Documenting Incidents: It is crucial to gather evidence of domestic violence, including police reports, medical records, photographs, and testimonies from witnesses. This documentation can support your case and help demonstrate the impact of domestic violence on the children.

Seeking Legal Representation: Engaging the services of an experienced family law attorney who specializes in child custody and domestic violence cases is highly recommended. A skilled attorney will guide you through the legal process, advocate for your rights and the best interests of the children, and ensure that relevant factors such as domestic violence and civil protection orders are taken into account.

Child Custody Evaluations: In some cases, the court may order a https://whalley-law.com/family-law/child-custody-support/ evaluation conducted by a neutral professional. This evaluation assesses various factors, including the safety of the children, the relationship with each parent, and the ability to provide a stable and nurturing environment. It is crucial to provide all relevant information regarding domestic violence and any existing civil protection orders during the evaluation process.

Parenting Plans and Visitation Orders: When determining custody arrangements, the court will prioritize the safety and well-being of the children. Parenting plans and visitation orders may be modified to ensure that contact with an abusive parent does not put the children at risk. This may involve supervised visitation, restrictions on communication, or the presence of a third-party during exchanges.

Co-Parenting and Support Services: In cases where the court deems it appropriate for both parents to have involvement in the children's lives, co-parenting arrangements may be established. In such situations, accessing support services like counseling, parenting classes, and support groups can help promote healthy communication, conflict resolution, and the overall well-being of the children.

Remember, the ultimate goal in child custody cases involving domestic violence is to protect the safety and best interests of the children. If you find yourself in such a situation, it is crucial to consult with a qualified family law attorney who can provide guidance tailored to your specific circumstances.

Navigating child custody cases involving civil protection orders, domestic violence, and the well-being of children can be challenging. However, by prioritizing their safety, seeking legal representation, and engaging appropriate support services, we can strive to create a nurturing and secure environment for children to thrive.

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