Shell Marine has secured a major contract to supply the marine lubricants for seven of COSCO Shipping’s upcoming 20,000 TEU Ultra Large Container Vessels (ULCVs).
The contract is the biggest marine lubricants contract signed in 2017.
COSCO Shipping has order a total of 10 new generation ULCVs with capacities of approximately 20,000 TEUs each, which are due to be in service from 2018-2019. With the contract, Shell has now supplied marine lubricants and services to over 140 COSCO Shipping vessels dating back to 2004.
COSCO Shipping is in the process of taking over Orient Overseas Container Line (OOCL), which, as of today, operates the largest containerships on the water – the 21,413 TEU capacity OOCL Hong Kong and her sister vessels (three of six total have now been delivered). Earlier this year, OOCL appointed Shell Marine to provide integrated marine solutions to serve its marine lubricants and services for the record-breaking ship.
“The quality of marine lubricants is critical for engine reliability; the application of the right technical services enable ship owners and operators to optimise their vessels’ total cost of ownership,” commented Jan Toschka, Shell Marine Executive Director. “In today’s highly competitive and challenging maritime sector, operational reliability and excellent account management have become table stakes and we in Shell Marine are stepping up to the plate. Securing this major contract for ships that play a leading role in delivering Chinese exports on the just-in-time basis required at this scale demonstrates owner preferences for proven lubricant performance, supported by a global logistics network and comprehensive technical services.”