PRNewswire: Shell Marine Products (US) Company Awarded Significant Department of Defense Contract (ShellNews.net) 16 Nov 04
HOUSTON, /PRNewswire/ -- Shell Marine Products* (US) Company (SMP) has been awarded a Department of Defense contract to support more than 150 government-owned ships in the U.S. Navy's Military Sealift Command (MSC) fleet worldwide. The company competed for the right to supply marine lubricants and provide waste oil disposal services and related engineering support services. The contract value is approximately $8.6 million and work will be performed in various locations around the world for a period of one year, starting January 1, 2005.
The contract represents a significant achievement for the growth aspirations of SMP. It includes four one-year options, which if exercised, would bring the total cumulative estimated value of this contract to approximately $46.5 million.
SMP will dedicate existing and new resources to the fulfillment of this contract, which the company believes will further cement the position it and its affiliates hold as leaders in the global marine lubricants market. Michiel Kool, CEO Shell Marine Products Limited, said, "I am delighted by the award of the Military Sealift Command contract. This demonstrates the strength of Shell Marine Products' offering to the marine market. We look forward to serving MSC with world-class products, services and technical support."
The expression Shell Marine Products refers to the companies of the Royal Dutch/Shell Group which are engaged in the marine business. Each of the companies which make up the Royal Dutch/Shell Group of companies is an independent entity and has its own identity. Shell Marine Products has been providing high quality marine lubricants and associated services to the international market for many years, making thousands of deliveries per year through more than 860 ports globally. In the U.S., Shell Marine Products (US) Company is, an affiliate of Shell Oil Company. Shell Oil Company's subsidiary Shell Oil Products US is a leader in the refining, transportation and marketing of fuels, and has a network of nearly 7,500 branded gasoline stations in the Western United States. Shell Oil Company is an affiliate of the Royal Dutch/Shell Group of Companies (NYSE: RD - News, SC - News). For more information, please visit http://www.shell.com
Source: Shell Marine Products (US) Company