LSP takes delivery of its newest vessel following successful delivery of new vessels
Tristar Group has taken delivery of its new vessel, Solar Sharna, and is expected to take delivery of the Solar Nesrin on June 30. These new assets, which will be on a long-term charter to Shell, underpin Tristar’s continued growth and momentum.
In 2018, the global integrated energy logistics company signed a long-term contract to charter six IMO2 25K Chemical Carrier vessels to the oil major. The remaining four vessels will be delivered between July 2020 to January 2021.
The Solar Sharna and Solar Nesrin were built at the Hyundai Mipo Dockyard, South Korea’s premier shipbuilder. Tristar and Hyundai have worked together for many years, as the Company previously received six 50K DWT MR tankers from the dockyard in 2016 for US$ 200mn.
“We are pleased to have taken delivery of our first vessel, Solar Sharna, and look forward to welcoming the Solar Nesrin shortly. The new vessels feature Tier III engines which will reduce emissions and operate in an eco-friendly way–very much in line with Tristar’s commitment to being a ‘Business for Purpose’ affirmed Eugene Mayne, Group CEO, Tristar Group.
Tristar Group 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.
