Shell Marine signs framework agreement with China’s CCCC Dredging (Group) Co. Ltd covering the fleet-wide supply of marine lubricants and technical services
08 November 2019 – Shell Marine has today signed a framework agreement with CCCC Dredging (Group) Co. Ltd of China to supply marine lubricants and provide technical services across the Chinese company’s fleet. The strategic cooperation, formalised today at a signing ceremony demonstrates Shell Marine’s ability to provide a comprehensive all-in-one service, reliably supplying lubricants and technical services around the clock wherever they are needed.
In addition to the supply of Shell Marine’s comprehensive range of lubricating oils designed for every shipboard application, CCCC Dredging’s full access to the company’s technical services is a key component of the agreement. Effective lubricants supply and service, according to Shell Marine experts, is essential because the correct choice and management of marine lubricants optimises performance and minimises component wear, thereby extending time between overhauls. All of these factors have a direct impact on the bottom line and asset lifecycle costs.
Technical service products within the Shell Marine portfolio now available to CCCC Dredging include:
- Shell LubeAdvisor – for general technical support and product guidance
- Shell LubeMonitor – for condition monitoring and operational optimisation
- Shell LubeAnalyst – for planned and predictive maintenance.
Commenting on the agreement, CCCC Dredging’s Vice President, Mr. Liu Shudong, said: “We expect that this strategic agreement will strengthen our relationship with Shell Marine and pave the way for further collaboration in other areas. Shell Marine’s comprehensive product range and extensive network ensure that it is well-placed to meet our complex requirements, both in terms of product and supply. We also see the technical services aspect of the agreement as a key element in supporting our drive to raise fleet efficiency and optimise the performance of our assets.”
Mr. Joris van Brussel, General Manager of Shell Marine, commented: “We are delighted to have formalised this strategic agreement with CCCC Dredging. We believe that our customer-oriented services and global supply network will provide a comprehensive all-in-one basis for marine lubricant optimisation across the CCCC Dredging fleet. Our competitively priced products, wide port coverage and advanced distribution systems enable a short response time around the clock.”
Shell Marine’s products are now available in more than 700 ports in 61 countries.
Shell Marine Global:
+65 6880 9104
ABOUT SHELL MARINE
Shell provides lubricants for the marine industry through its Shell Marine business. It serves over 10,000 vessels, ranging from large ocean-going tankers to small fishing boats in over 700 ports across 61 countries. The advice and technical services we provide help our customers achieve maximum value from using our lubricant products across all types of machinery and equipment on a ship.
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this media release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this media release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This media release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition’, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this media release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this media release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2018 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this media release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this media release, November 8, 2019. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this media release.
We may have used certain terms, such as resources, in this media release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.