Tristar Group, the global integrated energy logistics company, has signed a four-year contract with BP to provide liquefied natural gas (LNG) shipping services for a value of $24 million.

The deal with BP, one of Tristar’s long-standing partners, follows the recent addition to the Dubai-based company’s shipping fleet of its first LNG tanker, the Tristar Ruby.

The four-year deal will cover a variety of LNG shipping services comprising trading and delivery capacity worldwide.

The Tristar Ruby, formerly the British Ruby joins Tristar’s 30-strong fleet of ocean-going tankers. The vessel was built by Hyundai Heavy Industries in 2008 and has a cargo carriage capacity of 155,000 cubic metres. She will be technically managed by Wilhelmsen Ship Management and commercially operated by Tristar.

Eugene Mayne, Group CEO of Tristar, said: “We are pleased to be able to announce the value of our deal with BP, the first as we expand our presence into the LNG shipping market. This represents a strengthening of our relationship with BP, one of our core partners.”

Tristar offers end to end fuel logistics solutions to blue-chip clients including international and national oil companies and international NGOs. Its integrated energy logistics platform spans road and maritime transportation, specialized warehousing, fuel farms, commercial aviation refueling and remote fuel supply operations.

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About Tristar:

Tristar is a global business, head-quartered in Dubai, which transports, stores and supplies liquid fuels to blue-chip clients including international and national oil companies and international NGOs. Its integrated energy logistics platform spans road and maritime transportation, specialized warehousing, fuel farms, commercial aviation refuelling and fuel supply operations.

It operates in more than 20 countries across 3 continents and has a 20-year proven legacy of operational quality making it a partner of choice to its customers, with a track record of profitable growth. The company operates to the highest international health, safety, environmental and compliance standards and receives awards for its exemplary record of operational and safety excellence.

For further information:

Tristar
Arthur Los Banos
Corporate Communications Manager
+9714-8997900
arthur@tristar-group.co
www.tristar-group.co

FTI Consulting
Elizabeth Adams/Matthew O’Keeffe
+44 (0)20 3727 1151

Shane Dolan
+971 4 437 2109

© Press Release 2020

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