Congratulations to our Group Head of IT, Adam Lalani, for being recognized as one of the top Chief Information Officers (CIOs) in the Middle East by Computer News Middle East last January 29. Adam (extreme left) led innovative projects in the company such as Blockchain which makes Tristar the first logistics provider in the region to utilize the technology. Other innovations are the Tyre Pressure and Driver Fatigue Monitoring, while Analytics and Robotics are still works in progress. All these are being implemented through the good team work of the entire IT Department.
Group CEO Eugene Mayne signed an agreement with the South Sudan Football Association to sponsor foreign coach, Ait Al Hassen Abdalmalik, for the National Team. Mr. Mayne said it was Tristar’s way of continually engaging with the community of South Sudan and the youth in particular since sports is an excellent way of motivating the youth. Mr. Mayne was given his own jersey by South Sudan Football Association President Francis Amin at the signing ceremony witnessed by Tristar South Sudan Country Manager Ravneesh Aujla.
Tristar’s admin and office staff in the UAE are joining running events to maintain a healthy lifestyle. On January 26, this was proven when more than 30 individuals joined the 10K and 5K run of the prestigious annual Dubai Marathon where Assistant GM-Operations Arundhan Alphones participated in his very first full marathon. He completed in 04:18:15.
Tristar Group will celebrate the 100th session of its Toastmasters Club meeting with the ‘World Champion of Public Speaking winner Mark Brown and two-time finalist Kwong Yang, along with other eminent speakers in Dubai. More than 400 members from various Toastmasters Clubs in the UAE and Tristar employees will attend the event on the 23rd February at the Emirates Headquarters Auditorium on Airport Road.
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“Twenty years ago, no one could have imagined selling everything on the Internet,” Tristar’s IT group head Adam Lalani believes 2017’s equivalent is now clear. “The world just hasn’t come up with practical Blockchain ideas yet. I think people are missing the obvious.”
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At the 3rd Annual Maritime Standard Ship Finance & Trade conference that took place in Abu Dhabi, Chris Peters, CEO of Emirates Ship Investment Company (Eships), part of Tristar Group, spoke about the economic factors changing the face of shipping finance. He was one of the speakers at the session on Shipping and Ports – How will politico-economic factors shape future opportunities and challenges? According to Chris Peters, “In 2015 the average tanker rate was over $36k/d whereas the oil price had slumped back to average only $44/bbl. In 2016 the rate was falling and again in 2017 the fall continued for tankers, whereas the oil price had been stable until a few months ago and now is trending upwards currently mid-high $50’s. The markets are unpredictable but we must adapt to the change. Banks must be more transparent about their position so that shipping companies can work... [...]
Eships, the tanker arm of liquid logistics giant Tristar Group, has begun to re-establish its presence in the bulker market by engaging in some chartering activity.
According to Chris Peters, who was promoted from chief financial officer to chief executive in March, the Dubai company has been exploring the sector since May, arranging a handful of voyage charters using ultramax bulkers.
“Eships has a history in bulk and we are dipping our toes back in. We are testing the waters to show our shareholders what we can achieve,” Peters told TradeWinds.
“We have a lot of in-house experience in both the wet and dry sectors.”
Eships was very active in dry bulk until main shareholder Abu Dhabi-based development company Mubadala sold it to Oldendorff... [...]
Tristar Group announced a milestone in its digital transformation strategy as it unveiled a ground-breaking proof of concept (POC) using blockchain technology. Transparency in the supply chain has always been difficult to achieve, but Tristar will break down those barriers using blockchain as it seeks to further cement its reputation as a market leading liquid logistics solution provider by embracing Supply Chain 2.0. Whilst many organisations have tested the potential applications of blockchain technology to their business and in some cases, developed limited POCs, the platform that Tristar uses is one of the first of its kind in the world and is currently operational. “Blockchain technology gives us the ability to provide irrevocable verification and oversight to complex processes and movements of products to our customers. Records stored in the blockchain are computationally almost impossible to alter, leading to unprecedented verification and transparency to all stakeholders involved in... [...]
Tristar was the Silver and main sponsor of the Leaders in Logistics Summit held today at the Grosvenor House in Dubai Marina. International Business Development Director Karl Mason was a panel member of the group which discussed Humanitarian Aid Logistics. There were two other panel discussions on the ‘Rise of E-Commerce’ and ‘What do you look for in a 3PL’. The individual speakers were: Mahmood Al Bastaki, CEO of Dubai Trade; Mark Geilenkirchen, CEO of SOHAR Port & Freezone; and Marcus Meissner, Managing Partner of Camelot Management Consultants. There were more than a hundred key decision makers and executives from the logistics industry.
The logistics company said that it had successfully sold an equity stake to Kuwait-based Gulf Investment Corporation (GIC) by issuing $100 million in new shares to GIC.
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