Soaring Freight Rates Add $5.4 Billion to Shell’s Debt, Squeeze Total’s Margins

LONDON, Oct 29 (Reuters) – Shell (SHEL.L) said on Thursday that soaring freight rates have added $5.4 billion to its shipping lease costs in the third quarter compared ​with the previous three months, feeding its net debt, while ‌TotalEnergies (TTEF.PA) sees them cut into the prices it gets for its liquid fuels. Spot rates for … Read more