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.

Maputo

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:

Debmarine Namibia inks MoU to build bunker-saving mining vessel
Understanding 'about' in bunker consumption clauses
Viking Line ferry will be first to use dual-fuel version of world's most efficient four-stroke diesel engine
Market still indecisive as OPEC meeting closes in
Oil and fuel oil hedging market update
First LNG shipment arrives at future Lapland bunkering hub
VPS expands oil condition monitoring capabilities
Quadrise issues activity update following 'media speculation'
Oil and fuel oil hedging market update
Oil slightly up, but markets in wait-and-see mode ahead of OPEC meeting
Ceremonies held for MSC Cruises ships with scrubbers
VLCC with '20%' bunker savings delivered to K Line




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events