Energy - Logistics & Shipping

SG Holdings Limited invested heavily in coastal vessels transportation business with cumulative DW of over 600,000 metric tonnes.The company has five functional ocean going tankers and security boats running across the coast supporting oil majors and independent oil marketing companies.

The five functional vessels, including crude oil tankers are:
·    MT IJEMO.
·    MT WESTMORE.
·    MT MONTAGU.
·    MT ESTHER.
·    MT ADEBOMI.

Our investment in shipping is strategic for diversification of earnings and forex generation to support local currency based businesses and enhance our financial performance. The shipping business has tremendously supported balance sheet growth and reduced forex exposure in our oil and gas trading business. For effectiveness , we engage world class technical and commercial managers to handle our ship management and business and our strategic alliance with world class ship management players such as NAVIG8, Union Maritime, Clarksons Shipping London have helped us in no small measure to remain strong in this enterprise. Shipping services have become our major business , contributing significantly to our growth.