Shell Singapore to pay for undelivered cargoes

Unable to deliver because of the Bukom fire last week, Shell offered to pay clients to effectively buy back the orders.

A Reuters report said, “Shell offered to pay BP Plc and JPMorgan for one cargo of middle distillates each, under an agreement known in the industry as a book-out.”

The cargoes, according to the report, include a 150,000-barrel parcel of jet fuel that was due to be delivered to BP between 30 September and 4 October and another 150,0000 barrels of 0.5 percent sulphur gas oil for 29 September to 3 October delivery to JPMorgan.

View the report here.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia