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Tristar Group chief executive, Eugene Mayne, has officially presided over the naming ceremony of the Silver Manoora, the first of six MR class tankers to be delivered to the Dubai based company over the course of this year.
The event was attended by the President and chief executive of Hyundai Mipo Dockyard, Hwan-Goo Kang, high ranking officials from Tristar and Agility, and the company’s financial advisors, bankers, brokers, lawyers, new building supervisors, classification advisors and fleet technical managers.
“This is indeed a red letter day for Tristar. Today we are proud owners of a brand new ship with five more to follow during the course of this year,” proudly declared Mr. Mayne.
The new tankers will operate with lower fuel consumption than existing tonnage, making them much more economical and will be fitted with additional fuel saving equipment such as Propeller Boss Cap Fins, a new design of propeller and trim optimisation system. The tankers, which cost around US$ 200 million, also have an improved hull form design, helping to make them more fuel efficient.
All six new ships will be placed on long term time charter with oil major, Shell. “Our business model will continue to be built around the needs of customers and we are confident that if we continue to offer best in class services at competitive pricing there will be immense opportunity to leverage the brand equity that we have built over the years,” explained Mr. Mayne.
