The founder of Pedmacgrek, Chief E. O. Anyiam-Osigwe between 1973 and 1989 operating as Nuel Enterprises Limited pioneered the involvement of indigenous companies in the nations petroleum products export trade. Nuel Enterprises was perhaps the first wholly indigenous Nigerian company to be granted licence for the export of High Pour Fuel Oil (HPFO) as a first principal. A major customer of Nuel Enterprises Limited was Interpetrol USA.
Pedmacgrek Shipping and Trading commenced business in 1986. The focus of the company at its inception was Marine Tanker Transportation. In this connection the company in joint venture with Tsaskos Shipping SA of Greece operated 3 (three) vessels namely: MT.Yaya Maria 30,000 M/Tons, MT. Captain Gregos 18,000 M/Tons and MT. Polymnia 60,000 M/Tons with which it executed affraightment contracts and simple voyage charters, catering for vessels requirements on the West African coast. The company also carried out lighterage services involving transshipment from a mother vessel into motorized barges en-route shore tanks owing to draft restrictions at the delivery berth. Some of the contracts executed include:
(A) Supply of fuel oil to Nigeria Electric Power Authority (NEPA) power station at Egbin in Ikorodu on behalf of Unipetrol Plc.
(B) Supply of fuel oil to the Okuiboku Paper Mill in Cross River State on behalf of Total Nigeria Plc.
(C) Coastal Services within Nigerian Territorial waters on behalf of Agip Plc., as well as AP Plc.
(D) Shuttle services between the Port Harcourt and Warri Refineries to floating storages on behalf of NNPC.
(E) Voyage charter transportation of petroleum on behalf of the Government of Sierra Leone.
Pedmacgrek is also licenced and accredited by the Department of Petroleum Resources (DPR) the regulating authority for Petroleum Operation in Nigeria to engage in the provision of bunker fuel supply services in national and international waters and has done so for several years.
Pedmacgrek's proficiency in Bunkering operations is well documented and she has over a short period of time made inroads in to the Bunker Market offshore Nigeria and West Africa as a whole. This is evidenced by the several articles/features in the international Bunker Magazines such as Bunker News, World Bunkering West Africa Petroleum Trade Monitor.
Pedmacgrek is establishing joint venture collaboration with a South African based major player in the international bunkering service industry. The proposed collaboration would require the complementary expertise of both companies, to combine and establish a reputable and reliable major bunker service in the West African region of world class standard.. Aside from being engaged in the supply of bunker fuels, Pedmacgrek provides a wide range of shipping, logistics and related offshore services. Allied services include the supply of anchor handling tug vessels, platform support vessels, rigs, personnel and a ship agency for deep offshore operations. As a combined force, the synergy of the two companies would provide turnkey solutions benchmarked on global standards to the companies operating in the shipping as well as oil and gas industry, from downstream to deep offshore operations.