|24 December, 2019

Dubai logistics firm Tristar signs $24mln deal with BP

Deal entails providing LNG shipping service for 4 years

Image courtesy Tristar.

Image courtesy Tristar.

UAE-based Tristar, a subsidiary of Dubai-listed Agility Public Warehousing Company (Agility), has signed a $24 million contract with BP to provide LNG shipping service.

“The above revenue will be reflected on the company’s financials as and when the job is performed,” Agility said in a statement on Dubai Financial Market (DFM).

The contract is for a duration of four years, the firm said in the bourse filing.

Earlier in October this year, Tristar’s CEO told Zawya that the firm’s growth strategy focuses on both organic and inorganic growth ahead of its planned initial public offering (IPO). Read more here.

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© ZAWYA 2019

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