BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry

« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa

BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News

Grindrod's CEO to retire, but will act as consultant to shipping division with bunker subsidiaries

05 Jun 2017 08:55 GMT

Alan Olivier to act as consultant to Grindrod's shipping division on an 'ad hoc' basis.

Grindrod Ltd (Grindrod) has announced that CEO Alan Olivier [pictured] will, with effect from July 31, 2017, take early retirement to pursue personal interests. He will, however, remain available to Grindrod's shipping division in a consulting capacity, the South African firm confirmed.

Grindrod's shipping division includes bunker firms Cockett Marine Oil - which it jointly owns (50-50) with Vitol - and Unicorn Bunkers. Other companies within the division are: Island View Shipping (dry bulk shipping), Ocean Africa Container Lines (container shipping) and Unicorn Shipping (liquid bulk shipping).

Commenting on the departure of Olivier, Mike Hankinson, Independent Non-Executive Chairman of Grindrod, remarked: "On behalf of the Board I would like to thank Alan for his valued contribution to the Group over the past 31 years, the last 10 years as CEO. We wish him well and as Alan will be consulting to the shipping division, on an ad hoc basis, it is by no means goodbye."

Hankinson has agreed to act as executive chairman during the transitional phase before a new CEO is appointed, with Andrew Waller, Group Financial Director, supporting him. Nkululeko Sowazi will be the Lead Independent Non-Executive Director of the Board.

Grindrod's shipping division will continue to be managed by Martyn Wade, who was appointed in July 2010 and became an executive director in November 2011.

Cockett & Unicorn Bunkers

Operating globally from 16 offices, Dubai-headquartered Cockett is one of the world's leading bunker companies and claims to trade in excess of 7 million metric tonnes per annum.

Unicorn Bunkers operates three bunker tankers in the ports of Durban and Cape Town. In Durban, it operates under contract to oil majors BP and Engen, and in Cape Town under contract to Chevron.


Grindrod is also a key player when it comes to developments at the port of Maputo in Mozambique; it is a 48.5 percent stakeholder in Sociedade de Servicos Portuarios S.A. (Portus Indico), the major (51 percent) shareholder of Maputo's port operator Maputo Port Development Company (MPDC).

In November, Maputo launched a new bunkering service for ships; it followed the signing of a contract agreement on October 28 between MPDC and Petromoc Bunkering Limitada - a joint venture between Geneva-based Augusta Energy S.A. and state oil company Petroleos de Mocambique S.A. (Petromoc).

Related Links:

Grindrod issues annual report
Grindrod's bunker barge business has positive impact, but losses expected
Bunker supply service launched in Mozambique
Cockett strengthens commercial team with three hires
End of an era as Cockett relocates to London Bridge

Latest News:

Furukawa Battery certified as approved supplier of marine batteries
Quadrise: Fuel production system commissioned in Saudi Arabia
Is oil heading for the 70s or lower 60s?
Oil and fuel oil hedging market update
FIS expecting strong HSFO paper liquidity 'right up to deadline day' in 2020 and beyond
GTT hails 'great start to the year' with LNG tank orders
Rotterdam posts lowest calendar year bunker sales of the 2010s
Bomin to launch physical supply of ULSFO in ARA region
Viking Line's bunker costs jump 18.3% in 2017
Vopak's net profit dips 12% in 2017
Odfjell posts rise in FY and Q4 2017 bunker costs
Oil and fuel oil hedging market update

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Cape Town
Las Palmas
New Orleans
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events