Energy major Shell’s shipping and chartering arm has revealed a bigger loss for 2021 as wage expenses increased.
In accounts filed with Companies House, Shell International Shipping and Trading Company (Stasco) said the net loss for the year was £5.54m ($6.91m), compared to a deficit of just £499,000 in 2020.
Stasco acts as a manager to Shell Trading International’s trading and shipping business, and also for Shell Energy Europe’s trading operations, receiving service fees.
