By Sam Bridge
Deal with BP follows the recent addition to the Dubai-based company's shipping fleet of its first LNG tanker
Dubai-based Tristar Group, the global energy logistics company, has signed a four-year contract with BP to provide liquefied natural gas (LNG) shipping services in a $24 million deal.
The deal with BP 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 company said.
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.
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.
It operates in more than 20 countries across three continents.transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.