Grindrod purchased a 50% share in Cockett Marine Oil in July 2005
Cockett Marine Oil is one of the World's top suppliers of bunkers and marine lubricants to shipowners, operators, managers, charterers and private owners around the globe. The Company currently supplies in the region of 5 million tonnes of marine lubricants per annum and has a turnover of $700 million.
Established for over twenty years, with offices in United Kingdom, Singapore, South Africa, United States, Monaco, Russia, Brazil and Panama, Cockett Marine Oil provides a professional service offering economic bunker solutions on a truly global basis.
The company's objective is to realize significant savings for the customer by turning the burden of bunker purchasing costs into a competitive advantage.
By employing a strategy of comprehensive market coverage, a packaging of volume and a proactive approach to executing transactions in the market, Cockett Marine will help your company to achieve broad market access, meaningful economies of scale, and higher availability of products and services, minimizing the exposure to delivery-related risks, price risks, fuel quality risks and fuel quantity risks.
Our activities include identification, investigation and development of new bunker services and areas on behalf of physical suppliers. Our investigations cover all technical and physical aspects of bunker and lubricant supply services: barge acquisition and operation, storage and blending of intermediate fuel grades, compatibility of products' components - local and imported, manning and all aspects of marketing and daily operation of such services.
Our extensive in-house technical support is coupled with a half century of accumulated experience to assist in the event of any technical or product related question or problem. All our bunker department staff are fully conversant with the operations and methods of bunkering and are well qualified to respond to matters as they occur, thus aiming to resolve problems before they become a crisis. On matters of quality we have a direct working relationship with Messrs Caleb Brett , Fobas and D.N.V . including quality analysis and quantity surveys.
Familiarity with international developments in the area of fuel specifications is an integral part of the purchasing support we provide. Bunker broking is fast becoming the center of development within the bunker industry. It now contains the source of professional knowledge of both the oil industry and the fuelling needs of the worlds shipping. It embraces new marketing methods, including deployment of risk management through great advances in technology of the futures markets and communications.
We constantly endeavour to stay at the cutting edge of this technology with services geared towards the new needs of the shipowner and charterer. Our intention is to ensure that the momentum and flexibility of these services are sustained as conditions continue to change, particularly in international transport.