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”.