Sekavin

What Sekavin does

Sekavin S.A. is a Greek marine bunkering company founded in 1979 and headquartered in Piraeus, operating as a member of the Vardinoyannis Group. The company delivers marine fuel oils (30CST to 380CST), distillates and lubricants to commercial vessels through three distribution modes: a wholly owned fleet of five bunker barges (M/T ZAKROS, KALIKRATIS, APTERA, AMILLA I and SEKAVIN PIONEER), ex-pipe supply at the Syros Bunkering Station, and truck delivery to any Greek port with truck-accessible berths. The Syros station, operational since the late 1970s, comprises five overground tanks with approximately 30,000 cubic meters of storage capacity and supports ex-pipe supply to vessels up to DWT 20,000 MT, with pumping rates reaching up to 1,700 m3/h and delivery throughput of 500 MTS/hour.

The business model combines physical fuel supply, worldwide back-to-back trading of bunker fuels and lubricants through desks in Greece, Singapore, Cyprus, Dubai and the USA, and complementary services through wholly owned subsidiaries. SEKAVAR SA provides shipping agency services across all Greek ports, while RESTITUO ENVIRONMENTAL SERVICES delivers ISO-certified integrated waste management and recycling. Ship-to-ship transfer services for Crude, CPP, DPP and LPG cargo are offered through the EAST MED STS joint venture with Lavar Shipping and STS Marine Solutions Ltd at Greek and Cypriot hubs.

Sekavin serves a customer base of more than 1,500 shipping companies, vessel operators, oil majors and commodity traders, drawing from a supplier network of over 500 partners. Revenue is generated on a transaction/take-rate basis through direct B2B relationships, with quote-based pricing tied to fuel grade, volume, delivery method and market conditions. The company has cumulatively delivered over 75 million metric tons of bunkers since inception, with go-to-market executed via direct sales teams operating 24/7/365 across its physical and trading operations.

Name

Sekavin

Legal name

SEKAVIN S.A.

Website

https://sekavin.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Short description

Sekavin is a Greek marine bunkering company, founded 1979 and part of the Vardinoyannis Group, that supplies fuel oils, distillates and lubricants to commercial vessels via an owned barge fleet, tank farm and worldwide trading desks, serving 1,500+ shipping customers across the Mediterranean, Singapore, Cyprus, Dubai and the USA.

Ownership category

akta.pro rank

Product category

Marine Bunkering Services

NAICS

Marine Cargo Handling (488320), Navigational Services to Shipping (488330)

SIC

Water Transportation (4400)

akta.pro primary industry

Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO) (TLAHAKAA)

akta.pro secondary industries

Marine Lubricants Supply & Services (Cylinder/System Oils) (TLAHAKAJ), Marine Bunkering & Port Fuel Supply (EUALAIAG)

Keywords

• Marine bunkering services
• Fuel oil supply
• Shipping agency services
• Ship-to-ship transfers
• Bunker fuel trading

Headquarters

HQ city

Piraeus

HQ country

Greece

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Physical Bunkering Supply: Core business since 1979 involving reliable delivery of quality fuel oils, distillates and lubricants to vessels at ports in Greece. Revenue generated through direct sale of marine fuels with delivery via barge fleet, ex-pipe, or truck.
2. Worldwide Bunkering & Trading: Bunker and lubricant trading operations covering global locations, extracting value along the supply chain. Revenue from physical and back-to-back worldwide trading of bunker fuels and lubricants.
3. Shipping Agency Services: Through subsidiary SEKAVAR SA, providing shipping agency services including vessel arrival facilitation, clearance, loading, discharging, crew changes, and STS operations across Greek ports.
4. Integrated Waste Management Services: Through wholly owned subsidiary RESTITUO ENVIRONMENTAL SERVICES, providing waste collection, sorting, disposal and recycling services based on circular economy principles.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels1 record

Core offering

Sekavin is a marine bunkering and shipping services company that delivers fuel oils, distillates, and lubricants to commercial vessels at Greek ports via its owned barge fleet, ex-pipe, and truck supply. It also operates worldwide bunker and lubricant trading, provides shipping agency services through subsidiary SEKAVAR SA, ship-to-ship transfer services, and integrated waste management through subsidiary RESTITUO ENVIRONMENTAL SERVICES.

Product overview

SEKAVIN operates a triad of interconnected bunkering services: Physical Supply (core business since 1979) delivers fuel via barge fleet, ex-pipe, and truck at Greek ports; Worldwide Bunkering & Trading extends these services globally with expert advisory; and Shipping Agency (via subsidiary SEKAVAR SA) provides comprehensive port agency. The company also offers STS services through EAST MED STS partnership and operates a tank farm bunkering station at Syros island. Environmental services are delivered through subsidiary RESTITUO ENVIRONMENTAL SERVICES.

Differentiator

Problem solved

Functional benefit

Products and services

• Physical Supply (Marine Bunkering) Reliable delivery of quality fuel oils (30CST to 380CST), distillates, and lubricants to commercial vessels at Greek ports through owned barge fleet, ex-pipe supply, and truck delivery. Targeted at shipping companies and vessel operators.
• Worldwide Bunkering & Trading Global physical and back-to-back trading of bunker fuels and lubricants across worldwide locations, providing advisory services and supply chain solutions for international shipping companies and traders.
• Shipping Agency Services Comprehensive port agency services delivered through subsidiary SEKAVAR SA across all Greek ports, including vessel arrival facilitation, clearance, loading, discharging, bunkering coordination, crew changes, and port representation. Targeted at vessel owners and operators.
• Ship-to-Ship (STS) Transfer Services Ship-to-ship transfer services for Crude, CPP, DPP, and LPG cargo at Greek and Cypriot STS hubs, provided through EAST MED STS partnership serving oil majors and commodity traders.
• Integrated Waste Management Services Sustainable waste collection, sorting, disposal, and recycling services provided through wholly owned subsidiary RESTITUO ENVIRONMENTAL SERVICES, based on circular economy principles and certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISCC EU.

Quantifiable outcome

• 75+ million metric tons of bunkers delivered since establishment
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Lavar ShippingcoreStrategic or Co-development PartnerPartnership through EAST MED STS venture with Lavar Shipping and STS Marine Solutions Ltd to provide ship-to-ship transfer services supporting customers across Greek and Cypriot STS hubs, serving oil majors and commodity traders.
• STS Marine Solutions LtdcoreStrategic or Co-development PartnerPartnership through EAST MED STS venture with Lavar Shipping and Sekavar SA to provide ship-to-ship transfer services at Greek and Cypriot STS hubs with experienced operators, high-quality fenders, cargo hoses and support vessels.
• SEKAVAR SAcoreOthersAffiliated shipping agency company established over 30 years ago, one of the first Greek agencies accredited with ISO 9001:2008 certification. Provides agency services across all Greek ports including supplies, repairs, technical services, and STS operations.
• RESTITUO ENVIRONMENTAL SERVICEScoreOthersWholly owned subsidiary providing Integrated Waste Management Services & Technologies including sustainable waste collection, sorting, disposal and recycling. Certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISCC EU.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Cockett Marine Oil: Global bunker and lubricant supplier/trader with regional physical operations, matching Sekavin's fuel and lubricant trading focus.
• Peninsula Petroleum: Global physical bunker supplier and trader with owned barges in key hubs, mirroring Sekavin's blend of physical supply and back-to-back trading.
• Monjasa: Vertically integrated marine fuel supplier owning tankers and barges across multiple regions, closely matching Sekavin's asset-owning bunkering approach.
• Integr8 Fuels: Global marine fuel and lubricant trading company serving shipowners worldwide, directly comparable to Sekavin's worldwide bunkering and trading unit.
• Bomin (Mabanaft marine fuels): Physical and trading marine fuel supplier active across European and global hubs, comparable to Sekavin's dual physical/trading model.
• Aegean Marine Petroleum (Mercuria/Minerva Bunkering): Greek-rooted global physical marine fuel supplier operating owned barges and storage; directly comparable to Sekavin's physical supply and worldwide trading model.

Broad incumbents

• GAC (Gulf Agency Company): Global shipping agency and marine services provider, comparable to Sekavin's SEKAVAR shipping agency and STS support activities.
• Bunker Holding (Dan-Bunkering / Bunker One): One of the world's largest bunker trading groups, competing with Sekavin's global trading arm at far greater scale.
• World Kinect (World Fuel Services) Marine: Global marine fuel supply and trading giant offering worldwide bunkering and logistics, overlapping Sekavin's trading business with much broader reach.

Regional players

• Coral (Shell Hellas / Motor Oil group bunkering): Greek downstream fuels and marine bunker supplier operating in the same domestic ports, competing directly with Sekavin's Greek physical supply.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sekavin-bunkering-stations-sa

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sekavin