Tristar Orders Six Small Tankers under Shell Contract

TankerIllustration; Source: Unsplash/Shaah Shahidh

UAE-based Tristar Group has placed an order for six new oil and chemical tankers at South Korean shipbuilder Hyundai Mipo Dockyard.

The company said that the 25,000 dwt carriers have been ordered on the back of long-term charter contracts with oil major Shell.

Under the deal, unveiled on April 16, 2019, the shipbuilder is scheduled to deliver the units starting from the middle of May 2020 until the first week of January 2021.

The parties did not unveil the financial terms of the shipbuilding contract.

The new vessels, which will have Tier III specifications, carry a value of USD 20.6 million, according to data provided by VesselsValue.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >