The existing joint venture between Arcelor Mittal, the world’s leading vertically integrated steel and mining company, and Peter Livanos-led Drylog, a major global dry bulk shipping company and SEKAVIN a global trader and physical supplier of marine fuels and lubricants, have entered into a strategic partnership to enhance fuel procurement, logistics efficiency, and sustainability in maritime operations.
Combining GCL's deep expertise across the entire shipping value chain, with SEKAVIN’s presence across 400 ports and supplier network of more than 200 suppliers, the partnership is designed to improve fuel security, cost efficiency, and transparency. The collaboration will also explore new approaches to alternative fuels and emissions reduction, aligning with the industry’s broader sustainability goals.
“This partnership reflects the natural synergies between our businesses and the increasing need for integrated solutions in global shipping,” said Yannis Haramis, CEO of GCL.
Sifis Vardinoyannis, CEO of SEKAVIN added: “By working together, we are reinforcing our commitment to ensuring a stable and future-ready fuel supply for the fleet and the wider industry.”
The partnership will initially focus on key strategic bunkering locations, with plans to expand as market demands and sustainability initiatives evolve.
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