Tristar Group’s US$166 million contract with Shell on track following successful delivery of new vessels

June 16, 2020

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, Tristar signed a long-term contract to charter six IMO2 25K Chemical Carrier vessels to the oil major. The remaining four vessels will be delivered from July 2020 to January 2021. The Solar Sharna and Solar Nesrin were built at the Hyundai Mipo Dockyard, South Korea’s premier shipbuilder. Eugene Mayne, Group CEO of Tristar Group, said: “We are pleased to have taken delivery of our first vessel, Solar Sharna, and look forward to welcoming the Solar Nesrin shortly. Having worked with the Hyundai Mipo Dockyard for several years, we have built a strong relationship with their experienced team who have always delivered high quality and technology-led design with first class manufacturing.”

Solar Sharna