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 number of its employees and it purchased 50% of Cockett Group from Grindrod in 2012.
Today Vitol with 40 offices worldwide and employees from 60 nationalities it benefits from global presence and diversity of thinking. It trades over 7.4 million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes and in 2018 chartered 6,843 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 the relevant infrastructures. Turnover in 2018 was $231bn.
Grindrod Limited is the holding company of a dynamic organization 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 specialized services en route. It is a global business represented in more than 30 countries employing more than 6,000 individuals and is uniquely positioned to service Africa trade flows.
In June 2018 Grindrod concluded the separate listing of its shipping division on NASDAQ.
Its continuing businesses of Freight and Financial Services ended year 2018 on a positive note generating earnings of USD 55.7 million , up 24% on 2017.
Oreport International: Oreport is an international marketing organisation involved in the worldwide procurement, physical movement and distribution of industrial raw materials. Oreport take the hassle out of trading, logistical management and export documentation.
V Marine Fuels: V Marine Fuels was launched in March 2013 as a sister company of Cockett Group to offer customers a dedicated physical bunkering supply service in the Antwerp-Rotterdam-Amsterdam hub. Today V Marine Fuels owns and operates two bunker barges with a fuel capacity of 4200 mt and 3400 mt respectively.
Vitol Aviation: Vitol Aviation is a leading provider of jet fuel worldwide, supplying 5.7 million tonnes of jet fuel a year into wing, at over 60 airports across four continents. Vitol Aviation is focused on Europe, North America and Africa and handles over 13 million tonnes of jet fuel each year. They supply the industry’s leading brands, from oil majors and national oil companies to the world’s largest airlines and military customers, as well as their own aviation division. Vitol Aviation is committed to delivering value to the end user and ensuring product quality. An active member of global jet fuel product quality and handling forums, Vitol Aviation is the world’s largest handler of arbitrage jet fuel, with unrivalled expertise in the management of the global jet fuel supply chains. Vitol Aviation invests heavily in training, testing and infrastructure to ensure product quality and integrity.
VPI Immingham: VPI Immingham is a Combined Heat and Power (CHP) plant near Immingham, on the South Bank of the river Humber in the UK. It is one of the largest CHP plants in Europe, capable of generating 1,240 megawatts – about 2.5% of UK peak electricity demand and up to 930 tonnes of steam per hour, which is used by nearby oil refineries to turn crude oil into products such as gasoline. Completed in 2004 and expanded in 2009, VPI Immingham is one of the cleanest and most efficient power plants in Europe. At full capacity, it saves 2.5 million tonnes of CO2 per year, the equivalent emissions of one million cars, compared with a conventional coal plant. The plant is fuelled by natural gas and surplus refinery gas, with liquid fuel as a backup.
Varo Energy: Varo Energy is an integrated downstream company, serving North West Europe and comprising the three core business areas of refining, storage and logistics as well as distribution and sales. Varo Energy owns and operates the Cressier refinery in Switzerland and a significant share of the Bayernoil refinery in Germany, one of Europe’s largest and most modern refineries. The flow of products is managed through Varo Energy’s network of 50 tank terminals across five countries in North West Europe, and distributed to locations convenient for Varo Energy’s customers.Varo Energy will continue to grow by adding strategic assets in North West Europe.
VTTI : Founded in 2006 by Vitol, today VTTI has over 8.7 million cubic metres of storage capacity, in 12 countries and across five continents. VTTI’s terminals include state-of-the-art greenfield terminals and existing terminals that have been modernised to ensure they deliver to the demanding requirements of trading customers. From inception, the focus has been on creating quality, flexible, efficient and, above all, safe assets run by highly skilled people. VTTI’s safety record is among the highest in its sector, and it continues to develop and invest in new assets around the world, from Cyprus to Malaysia. In 2014, VTTI Energy Partners, which comprises the more mature assets, was listed as a Master Limited Partnership (MLP) on the New York Stock Exchange.
Vivo Energy : Vivo Energy is the company behind the Helios Investment Partners and Vitol. As a major downstream company in Africa, it sources, distributes, markets and supplies world-class fuels and lubricants to retail and commercial customers across the continent. Vivo Energy has a strong and growing presence in 16 countries across Africa, including an expanding footprint of over 1,700 service stations; which the company continues to develop, adding over 100 service stations each year. Vivo Energy’s offering to both retail consumers and businesses is centred on the assured quality of products, combined with reliable continuity of supply and a deep understanding of their needs. Vivo Energy’s vision is to create Africa’s most respected energy business. This is not an end in itself, rather it is the logical consequence of doing things the right way, realising the full potential of its people and partners, and creating a new benchmark for quality, excellence, safety and responsibility in Africa’s downstream sector.
OVH Energy: Vitol is invested in OVH Energy, the second largest downstream fuels business in Nigeria. The company is a joint venture between Helios, Vitol and Oando with assets comprising over 350 service stations in Nigeria with supporting infrastructure including 84,000 tonnes of storage and a newly built inbound logistics jetty in addition to complementary businesses, chiefly LPG filling and distribution, lubricants and an interest in a supply and bulk distribution company in Ghana.
Viva Energy Australia: Viva Energy Australia was formed following the acquisition of Shell’s downstream business (excluding aviation and lubricants production) in Australia in 2014. Viva Energy is the exclusive licensee of the Shell brand in Australia and provides consumers and business customers with quality Shell products. Viva Energy has more than 900 Shell branded service stations and employs over 1,300 people. The retail network is evolving continuously, both through investment in existing service stations and expanding the footprint on the ground. The network is supported by 20 fuel import and storage terminals and the Geelong Refinery, owned by Viva Energy Australia. The 120,000 barrels per day refinery is one of the largest and most complex hydrocarbon refineries in Australia. It produces about half of Victoria’s fuel needs and is the only Australian refinery that manufactures bitumen and avgas (used by piston engine planes). In addition, the refinery produces solvents to support the Australian mining, paint, adhesive and other industries. Valt is a global leader in asphalt distribution, from trading, to storage and transportation. The company was formed in March 2016, by combining the expertise of the Vitol Group and Sargeant Marine, the market leader in asphalt. Valt has hubs in Geneva, London, Florida and Singapore and operates a fleet of 14 specialist vessels – one of the world’s largest ISO asphalt container fleets; capable of handling parcel sizes from 20 tonnes up to 44,000 tonnes.
Ventspils NAFTA Group: Ventspils nafta Group is an integrated energy transportation company based in Latvia. It comprises three core businesses; a pipeline, a terminal and a shipping company. The group is well placed to serve the Baltic market in addition to moving oil products from refineries in the Urals to global markets and beyond. LatRosTrans: Latvian / Russian venture with 340km of petroleum products pipeline making it one of the largest oil product transportation companies in the region. Ventspils nafta Terminals (VNT): 105 tanks and 1.2 million cubic metres of storage make VNT the largest petroleum terminal in the Baltics. Latvijas Kugnieciba A major player in the handysize and medium range tanker market with 16 modern vessels, owned, manned and operated by the company. Latvijas Kugnieciba is also listed on the Nasdaq OMX Baltic Stock Exchange.
Petrol Ofisi: Vitol completed its acquisition of OMV Petrol Ofisi Holding A.S. (Petrol Ofisi) from OMV AG in June 2017. Petrol Ofisi is the market leader in fuel products and distribution in Turkey with a market share of circa 23 per cent. Its business comprises the largest retail station network of over 1,700 service stations, the largest fuel storage and logistics business in Turkey with a total storage capacity in excess of 1 million cubic meters, Turkey’s leading distributor of lubricants and the into wing supply of jet fuel at 20 airports. Total sales volume in 2016 was 10.68 million tonnes.
Grindrod Locomotives: Grindrod Locomotives is a proud South African company that has earned a reputation for rail engineering excellence since its inception in 2008. Grindrod Locomotives provides rail engineering solutions to clients across the African continent. The service offering includes the design, engineering and assembly of locomotives and wagons to meet specific client requirements, as well as rolling stock refurbishment, locomotive leasing and locomotive and wagon maintenance.
Grindrod Logistics: Grindrod Logistics provides transportation of new and used motor vehicles on behalf of OEM’s, Importers, Distributors, Dealers, Car Rentals, Furniture Removal Companies, Asset Finance Companies, Fleet Management Companies and Private Individuals.
Grindrod Intermodal: Grindrod Intermodal entered the dry bulk transport sector in 2007 with the specific objective of servicing the Agricultural and Mining sectors. Owning and managing a large fleet side tipper interlink vehicle combinations, Gringdrod Intermodal executes volumes exceeding 125,000mt per month, positioning the company as one of the leading suppliers of ‘mine to port’ logistics solutions for the mining industry. Complex warehousing and distribution solutions including cross-dock and bonded warehousing, full service countrywide and cross-border transportation of containerised cargo by road and rail, comprehensive empty and full container depot services, and container sales and leasing. Grindrod Intermodal offers customers a seamless, end-to-end service under one banner and has built a reputation for its reliable, flexible and innovative solutions structured around client’s individual needs.
Sturrock Grindrod Maritime: Sturrock Grindrod Maritime provides full supply-chain command structures and also provides exceptional vessel and procurement services, along with reliable staffing and offshore/on-shore solutions.Sturrock Grindrod Marine Tech provides a specialised technical procurement and marine engineering support unit.
RBT Resources and Grindrod Navitrade: RBT Resources and Grindrod Navitrade is a joint venture operation concerned with coal exportation. It will be expanded in phases from 3 million tons to 20 million tons per annum. A key component of the joint venture will be to develop an inland coal hub that will allow junior miners to consolidate their volume and facilitate easy access to export markets.
Röhlig-Grindrod Logistics: Röhlig-Grindrod Logistics is an Airfreight, Seafreight and Project logistics service provider situated in Sub-Saharan Africa, operating internationally and into Africa. Röhlig-Grindrod Logistics offers logistic services, freight-forwarding, warehousing, contract logistics, customs facilities, domestic transfers, strategic planning, auditing services and marine insurance.
Sturrock Grindrod Maritime: Sturrock Grindrod Maritime is one of the largest shipping and logistics companies in South and East Africa. Business lines include ships agency, clearing and forwarding, procurement and technical support, Sturrock Grindrod Maritime provides full-chain, reliable solutions to their customers.
GPR Leasing Africa: GPR Leasing Africa is a joint venture between Grindrod Freight Services and the Pembani Remgro Infrastructure Fund (PRIF). GPR Leasing Africa offers cost-effective, innovative and reliable rolling stock lease solutions and value-added services for Africa’s rail operators, concession operators, shippers and public and private rail users.
NLPI: The concessions form part of the North-South corridor linking the South African ports of Durban and Richards Bay with the copper belt in Zambia and the Democratic Republic of Congo. NLPI operates one of the largest private fleets of rolling stock in Africa including more than 50 locomotives.
Bay Stevedores: Established in 1993 Bay Stevedores 7 Gridrod Namibia Stevedoring specialises in the pay loading and separation of bulk cargo to include the handling of bulk commodities, break bulk commodities, containers and vehicles.
North West Rail: Grindrod entered into a partnership with North West Rail Company Limited (“NWR”) in Zambia and owns the exclusive rights to build, operate and maintain a new railway from Chingola in the heart of the old Zambian Copperbelt to the Angolan border. The NorthWest Rail project is supported by several of Grindrod’s rail services businesses, including rail construction, supply and leasing of rolling stock, and railway operations. When completed, this will significantly improve the freight transport axes into Central Africa, and create employement and prosperity throughout the North Western Province of Zambia.
Gear Rail: Gear Rail are leaders in railway safety and control solutions in Africa. With a unique portfolio of rail technologies that offer customers affordable turnkey solutions, they meet specific railway infrastructure project requirements.
Maputo Port Development Company: Maputo Port Development Company (MPDC) is a national private company, which results from the partnership between the Mozambican Railway Company (Caminhos de Ferro de Moçambique) and Portus Indico, comprised by Grindrod, DP World and local company Mozambique Gestores. MPDC holds the rights to finance, rehabilitate, construct, operate, manage, maintain, develop and optimize the entire concession area.
Grindrod Rail Construction: Grindrod Rail Construction is an industry leader in rail track construction, rehabilitation, electrification and maintenance. Within the public sector, GRC engages primarily with state-owned companies, rail and port authorities and local and international entities responsible for building and maintaining rail transport infrastructure. The business has extended its services to include the supply of quality second hand rail material as well as a rental option for specialised on track equipment.
Kapele Freight and Logistics: Kapele Freight and Logistics is a unique freight forwarder providing competitive, innovative and practical logistics solutions. Services include freight forwarding, customs brokerage, warehousing and distribution. Kapele is a subsidiary of Röhlig-Grindrod, providing international and national strategic alliances with long term client partnerships.
Ocean Africa Container Lines: Ocean Africa Container Lines (OACL) operates a 5 Vessel network in southern Africa. The network provides a name-day feeder service to international carriers, ships regional and domestic cargo and provides customers with a complete freight logistics service including terminal operations, warehousing, distribution and inland transportation.