Tristar signs US$24mn LNG shipping service deal with BP

TristarTristar 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 US$24mn

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

The four-year deal is expected to 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 cu/m. It will be technically managed by Wilhelmsen Ship Management and commercially operated by Tristar.

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

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