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Shell Marks 125 Years in Shipping Business

Shell Marks 125 Years in Shipping Business
The shipping arm of Royal Dutch Shell is celebrating 125 years in business by naming its latest LNG carrier in honor of the company’s first ever oil tanker, the Murex.

Shell International Trading and Shipping Co. announced Thursday that the new Murex joined Shell’s managed fleet last week. Murex is one of five new LNG carriers that Shell will welcome by mid-2018 from Teekay LNG Partners, which owns the vessels.

The five vessels are powered by M-type, electronically controlled, gas injection engines, aka MEGI engines. MEGI engines are more fuel efficient and produce fewer emissions than other engine types used in LNG shipping.

“Welcoming the Murex and her four state-of-the-art sister vessels to our managed fleet is the perfect way to celebrate 125 years of delivering energy around the world. We are extremely proud of our long maritime history and continue to drive innovation in the industry,” commented Dr Grahaeme Henderson, Vice President, Shell Shipping & Maritime.

“Shell operates one of the largest LNG fleets in the world and delivers flexible LNG supply to customers globally. This new tonnage further positions Shell as a worldwide leader in LNG,” Dr Henderson added.

The original coal-powered Murex was launched in 1892 and was the first oil tanker to pass through the Suez Canal. She was named after a seashell, a practice that remains for Shell vessels to this day.

Shell currently directly manages around 40 LNG carriers and has over 50 on time charter, which collectively is around 20% of the global LNG fleet. On any given day, there are approximately 2,000 vessels associated with Shell operations on the water, including ships, barges, drilling rigs, supply boats, FPSOs, FSRUs and the related operations that take place in ports and terminals.

The Murex and her four sister vessels joining Shell’s LNG fleet are technically managed by Shell International Trading and Shipping Co. Ltd. and are on time-charter to Shell Tankers (Singapore) Private Ltd.

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