DUBAI: Agility Public Warehousing Company has announced that its 65% owned subsidiary Tristar, specializing in fuel logistics, has signed a 5-year firm plus 5-year (optional) charter contract with Shell for six new medium range products tankers.
The vessels are expected to be delivered in 2020. Estimated contract value is around US$166 million over the first 5 years, subject to change based on customers demand.
“Revenue from the contract will be reflected on the company’s financials once the contract commences,” a notification issued to Dubai Financial Market (DFM) noted.[the_ad id=”31605″]