ESHIPS operates five chemical tankers and two small LPG carriers, which are on a long-term timecharters to an oil major.
“This acquisition is a perfect fit to our longer-term plans to diversify revenue and make shipowning an integral part of our strategy to build a fully integrated liquid logistics business,” Tristar CEO Eugene Mayne, said in a statement.
In 2013, Tristar signed a contract for six MR newbuildings with Hyundai Mipo Dockyard, which will be chartered out to oil majors when they are delivered this year, Splash 24/7 also reported.