Vitol is a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon. It trades around 7.6 million barrels per day of crude oil and products, and charters around 6,200 ship voyages every year. 

Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 16 m m3 of storage globally, 500 kbpd of refining capacity, 6,800+ service stations and a growing portfolio of transitional and renewable energy assets.

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Grindrod Limited is the holding company of a dynamic organisation listed on the JSE securities exchange with more than 100 years’ experience in South Africa’s freight movement and related industries.

Grindrod acquired 50% in Cockett in 2005, and increased its holding to 100% in 2008 before selling 50% to Vitol in 2012.

Grindrod’s business is all about moving cargo by road, rail, sea and air, providing integrated logistical and specialised services en route. 

For their year-end results of 2021, the core businesses had generated revenue of USD345 million, up 9% from 2020. Ports and Terminals reported a growth of 30% to USD94 million, whereas Marine Fuels and Agricultural Logistics rose by USD85.5 million, an 11% increase in comparison to the previous year end results. 

It is a global business represented in 19 countries worldwide, employing more than 4,700 individuals and is uniquely positioned to service Africa trade flows.

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