Founded in Rotterdam in 1966, Vitol is an energy and commodities group. Its primary business is the trading and distribution of energy products globally. 

Vitol is owned by a proportion of its employees. It purchased 50% of Cockett Group from Grindrod in 2012.

Today Vitol with 40 offices worldwide and employees from 60 nationalities, it benefits from its global presence and diversity of thinking.
It trades over 8 million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes and in 2019 chartered circa 7,000 ship journeys.

Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines.

It delivers the products they need by sourcing and managing the movements of energy through relevant infrastructures. Turnover in 2019 was $225bn.

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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. 

Its continuing businesses ended 2019 on a positive note, generating earnings of USD 349.4 million, up 19% on 2018, with Ports and Terminals performing strongly, increasing by USD 17.4 million over 2018, a 27% rise. 

It is a global business represented in more than 20 countries employing more than 4,000 individuals and is uniquely positioned to service Africa trade flows.

Grindrod first acquired a stake in Cockett Group in 2005.

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