SIFAX Marine eyes enlargement with new sea-going barges

As a part of its enlargement technique in 2026, SIFAX Marine, a subsidiary of SIFAX Group, stated it has concluded plans to accumulate extra sea-going barges, creek vessels, and offshore assist vessels.

This announcement comes as the corporate unveiled a far-reaching enlargement technique for 2026, geared toward driving asset-led development and repositioning itself as a stronger contender in Nigeria’s offshore and oil and gasoline marine providers market.

That is contained in Monday’s launch signed by Head of Company Communications at SIFAX Group Olumuyiwa Akande and obtained by The PidomNigeria.

In line with the assertion, the Govt Director of SIFAX Marine, Afolabi Olayinka, defined that the plan marks a decisive shift from income development pushed primarily by price will increase to a extra sustainable and scalable mannequin constructed on vessel possession and fleet enlargement.

“Our expertise over the previous yr has made one factor very clear: sustainable and exponential development will solely come from deliberate funding in marine belongings that we personal and management.

Whereas price changes supported income efficiency within the final monetary yr, the way forward for SIFAX Marine lies in constructing a robust owned fleet that offers us capability, resilience, and long-term aggressive benefit. To translate this imaginative and prescient into motion, SIFAX Marine plans to accumulate extra sea-going barges, creek vessels, and offshore assist vessels. These belongings are anticipated to considerably enhance operational capability, deepen market attain, and unlock higher-value contracts, notably inside the oil and gasoline sector,” Olayinka stated.

In line with him, by increasing its fleet, SIFAX Marine goals to retain extra worth inside the enterprise whereas providing shoppers higher consistency, responsiveness, and certainty in service supply.

Olayinka added {that a} central pillar of the 2026 technique is elevated participation in oil and gasoline initiatives. He emphasised that the corporate plans to accumulate vessel sorts required for a better regulatory categorisation, enabling it to entry extra alternatives on trade tender platforms and enhance its pre-qualification prospects with main operators.

“Asset enlargement isn’t just about development; it’s about readiness. Our focus is to make sure that SIFAX Marine is correctly outfitted to reply swiftly to market demand, particularly in offshore assist and oil and gasoline marine providers, the place capability, compliance, and reliability are crucial,” Olayinka defined.

Olayinka highlighted that the regulatory readiness drive is anticipated to place the corporate for technically demanding and higher-margin offshore contracts which have historically been out of attain for operators with out enough owned belongings and compliance credentials.

SIFAX Marine Providers Restricted is a number one supplier of marine logistics and offshore assist providers in Nigeria, serving ports, terminals, and oil and gasoline operations throughout the nation’s coastal and inland waterways. Past vessel acquisition, SIFAX Marine can be exploring strategic partnerships and joint ventures to speed up market entry and scale operations sooner. As well as, the corporate is contemplating enlargement into vessel administration and different complementary providers that assist offshore operations, additional strengthening its worth proposition as a full-spectrum marine providers supplier.