Shipping firm Tristar, based out of UAE has combined its presence in Dubai’s Jebel Ali Free Zone (JAFZA) with the acquisition of the Shell Chemicals terminal.
The Shell Chemicals terminal is situated on a 21,000 sq m lot and constitutes nine storage tanks with a capacity of around 5,505 cubic metres, a jetty with truck loading gantry, three pipeline connections to the tanks and drumming facility.
Under the terms of the contract, Tristar will undertake terminal modernisation and a capacity expansion program in the next five years which will observe the capacity expansion to about 25,000 cubic metres.
A statement mentioned that shell will proceed to stay as a customer under the terms of a services agreement signed between the two companies.
Tristar is a liquid logistics solutions provider that provides services to cater to the requirements of the downstream petroleum industry, both in the region and world wide.
The group possesses a fleet of more than 20 ships, employees more than 1,800 people and has operations in 16 countries .
Group CEO for Tristar, Eugene Mayne mentioned, “We are very proud of this acquisition which has strategic importance not only for us a company but also to our customers who can now have access to a truly turnkey and fully integrated distribution service with our ability to now handle bulk imports and offer storage and distribution of both bulk and packed chemical products.”
He even said, “This facility will complement our existing dangerous goods facility in JAFZA South Zone which currently houses a wide range of packed chemicals and petroleum products.”
Follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, to get all the latest energy and oil news from the UAE and Gulf countries, which is updated daily.
more recommended stories
UAE’s attorney general has ordered the arrest of a Asian Cup video posting social media
In the video, the suspects were.
Dubai’s Dubizzle classified website worth at $400m after completes acquisition of Naspers
UAE-based online classified website dubizzle is.
UAE-based electronics retail firm, Ecity plans to expand with Abu Dhabi Store
UAE-based electronics retail firm, Ecity, plans.
Dubai Healthcare Authority has announced a new license which allows international doctors to work in Dabai
The Dubai Healthcare City Authority has.