A team of mechanics from Tristar’s Road Transport Operations cleared this morning, April 18, several light and heavy vehicles stuck in a flooded road in Jebel Ali Industrial Area No. 2.
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Tristar Group recorded a substantial 31 per cent increase in consolidated revenues to AED 4 billion while the EBITDA was up 29 per cent to AED 812 million as of December 2023.
Growth in revenue was driven by the Fuel Farms segment and the strong Maritime results from favourable freight markets. Group earning also benefitted from the contribution of Aquarius Energy, formerly HG Storage International, that the group acquired 51% in August 2022.
“The Group continues to maintain a strong focus on growth by leveraging the partner of choice relationship enjoyed with Core Customers as result of best-in-class service to our Primary Customers and a strong focus on cost control and performance excellence.
We expect to continue this momentum in 2024 and beyond, with our recent partnership with US-based RM Parks Inc. and Shell, with licence to operate over 150 Shell branded fuel sites across the Sri Lanka for over a 20-year period.… [...]
The Shell brand will enter the Sri Lankan fuel retailing market later this year after Shell Brands International AG (“Shell”) and RM Parks (Private) Limited signed a retail brand license agreement, and affiliates of Shell and RM Parks (Private) Limited signed a product supply agreement.
RM Parks (Private) Limited is a partnership of the Tristar Group (“Tristar”), a fully integrated energy logistics business serving the downstream oil and gas industry, and RM Parks Inc, an experienced distributor of Shell fuels in the North American fuel retailing market.
RM Parks (Private) Limited will rebrand to Shell an existing network of 150 retail fuel stations across Sri Lanka, which it was awarded a contract to operate for an initial period of 20 years by the Sri Lankan Ministry of Petroleum and Energy in 2023.
Building on Shell’s proven experience as the global leader in mobility, in bringing… [...]
Tristar held its annual International Women’s Day event at the Kempinski Boulevard Dubai, with 150 external stakeholders promoting the UN’s ‘HeForShe’ movement. The second edition of the symposium, led by eminent women from across the UAE, highlighted the crucial roles that men can and must play in the professional and personal development of women.
As a signatory of the UN Women Empowerment Principles, and an avid upholder of the UN’s Sustainable Development Goals (SDGs), Tristar is keen on increasing support to women and their cruciality, especially with context to SDG 5 on promoting gender equality. In his opening address, founder and CEO of Tristar Group, Eugene Mayne spoke of the need for men and boys to be educated and enlightened about their roles in achieving this. “Men and boys must take greater responsibility for change, and begin questioning the dynamics of their actions, words and even thoughts, before they fully engage… [...]
Tristar received the Energy Supply Chain of the Year Award at the Logistics Middle East Awards of the ITP Media Group.
According to the organizers, this category recognises companies offering transportation and storing solutions for bulk volatile cargo and their innovation and commitment to excellence rather than the total volume of transported cargo or market share.
The organizers commented: “Tristar Transport\'s distinction as the Energy Supply Chain of the Year reflects its unparalleled integration and innovation within the liquid logistics sector, offering comprehensive solutions across the downstream oil and gas industry.”
This is the second time Tristar received the award. The first was in 2021 - https://www.tristar-group.co/news_and_events/post/230/Tristar_Wins_2_Awards_at_Logistics_Middle_East_Awards
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Tristar Group received the Golden Peacock Business Excellence Award today, March 5, during the opening session of the Annual 2024 UAE Global Convention by the Institute of Directors (IOD), India, held at the Grand Hyatt Abu Dhabi Hotel.
The award is presented to organizations in different sectors which are adjudged to have made the most significant achievements in the field of Business Excellence.
Tristar Group CEO Eugene Mayne (2nd right) received the Golden Peacock from Indian Ambassador to the UAE, H.E. Sunjay Sudhir (2nd left). With them are IOD, India President Lt. Gen. Surinder Nath (left), PVSM, AVSM (Retd) and Tristar Group Chief Administrative Office Balaji Nagabhushan (right).
Mr. Mayne was one of the convention’s keynote speakers whose theme is ‘Leadership for Business Excellence and Innovation’. He talked about future-proofing business against uncertainties and the Board’s role in steering this strategy.
He cited the astonishing success story of Abu Dhabi as a ‘sterling example,… [...]
Tristar Group CEO, Mr. Eugene Mayne, was the Guest of Honor at the Nautical Institute UAE Marine Ball. He was recognized for initiating the annual Tristar ‘Safety at Sea’ Conference whose inaugural session was held on November 10, 2019. The initiative to promote the physical and mental well-being of seafarers globally has received awards from the Seatrade Maritime Awards, Arabia CSR Awards, Logistics Middle East Awards, Maritime Standard Awards, and Golden Peacock Global Awards.
“As custodians of maritime safety and standards, we must strive for excellence in all that we do. Whether we are navigating a vessel through treacherous waters, managing complex operations in port, or developing innovative solutions to maritime challenges, we must hold ourselves to the highest standards of professionalism and integrity. However, we must also remain mindful of the human elements that lies at the heart of our profession,” Mr. Mayne expressed in his speech.
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Tristar Group CEO Eugene Mayne pose with H.E. Ahmad Belhoul Al Falasi, UAE Minister of Education, with the Memento of Appreciation for supporting the National Science Technology and Innovation (NSTI) Festival held at Dubai Festival City from February 1 to 5.
Tristar was invited to set up its ‘Kids Traffic Arena’ which educates school children of various ages on the importance of wearing seat belts and of following traffic rules like not using mobile phone while driving. These children will remind their parents or any driver on what they have learned; and someday they, too, will be driving vehicles.
With the huge success of the first-ever Tristar Community Run held last Sunday, February 4, the company’s CEO, Eugene Mayne, announced that next year’s edition will be bigger with even more surprises. Entry to the Tristar Community Run is free and open to all ages.
More than 600 individuals from over 30 countries joined the event held at Mina Rashid where the world-famous Queen Elizabeth 2 ocean-liner is docked. The overall Top 3 finishers in the 10-kilometer distance represented six countries. In the Female Category, Sameh Ben Fredj of France finished first clocking in 00:46:01, followed by Ioanna Morati of Greece with a time of 00:46:30, and Lyn Nicolas of the Philippines finishing third place in 00:48:11.
In the Male Category, Abdelali Bouazzaoui of Morocco won with a time of 00:36:16, followed by Gmt Macahria of Kenya clocking in 00:37:17, and Mohamed Shamil of Sri Lanka finishing third in 00:38:44.
The Tristar Community… [...]
The organizers of the Tristar Community Run which will be held on February 4 at the Mina Rashid conducted an ocular inspection of the scenic routes where participants to the 10-, 5- and 3-kilometers will be running. The biggest attraction will be the world-famous ocean-liner Queen Elizabeth 2 which is now a floating hotel. The ship was launched in September 1967 by Her Majesty Queen Elizabeth II.
Registration is free and still open to all ages, with a special one-kilometer course for young children and senior citizens. There will be ample parking space for all participants who can opt for a free medical check-up before they run. Everyone will receive healthy beverages and snacks after they run, with DJ entertainment, while some will go home with raffle prizes.
Interested individuals should register with Meher Un Nisa of Team Sport UAE via email info@teamsportsuae.com or WhatsApp 054-4566283. Running shirts will be provided and… [...]