- Shell Plc shell has reportedly cut crude imports this month to finance maintenance work at its Singapore refinery and repairs to its Single Buoy Mooring (SBM) facility.
- Shell is moving crude from Very Large Crude Carriers (VLCCs) onto smaller Aframax tankers via ship-to-ship transfer before offloading it to another jetty on Pulau Bukom. reuters informed of.
- Pulau Bukom is an island south of Singapore where the refinery is located.
- Maintenance work includes temporary removal of mooring buoy subsea hose, pile anchor installation, recovery and chain installation, and reinstallation of mooring buoy and subsea hose, data from Maritime and Port Authority of Singapore Has shown.
- In the meantime, the company will continue to rely on smaller tankers.
- The Reuters report said Shell declined to comment on the matter, citing commercial confidentiality.
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- price action: SHEL shares are trading at $60.48 premarket with a gain of 0.75% last Tuesday.