Vitol is a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon credits. It trades around 7 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 40 offices worldwide, seeking to add value across the energy supply chain, including deploying its scale and market understanding to help facilitate the energy transition. To date, it has committed over $1 billion of capital to renewable power generation and sustainable energy solutions. 

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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 2023, Grindrod achieved growth of 29% in its core operations compared to 2022, with revenue of US$264 million and profit of US$57.9 million. Notably, Ports and Terminals earnings grew 35% on the previous year due to strong volume performance.

It is a global business represented in 23 countries worldwide, employing more than 4,700 individuals and is uniquely positioned to service Africa trade flows.

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