SHELL SLATES REDUCTION IN TANKER FLEET

Royal Dutch/Shell Group plans to slash the size of its tanker fleet to 50 vessels from 90. The decision results from a review of the group's shipping policy sparked by a new U.S. law that opens the way to unlimited liability by tanker owners and operators for oil spills. Last year Shell and several other companies barred their tankers from calling at U.S. ports other than Louisiana Offshore Oil Port because of financial risks stemming from the legislation (OGJ, July 30, 1990, p. 23).

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies