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SIFAX Group’s Vision for a Stronger West Africa: Investing in Marine Assets
By prince Benson Davies
SIFAX Marine Services Limited has unveiled a comprehensive expansion strategy for 2026, designed to drive asset-led growth and strengthen its position in Nigeria’s offshore and oil and gas marine services market.
The company’s Executive Director, Afolabi Olayinka, revealed that the plan marks a significant shift from relying on rate increases to a more sustainable model built on vessel ownership and fleet expansion. “Our experience over the past year has shown us that sustainable and exponential growth can only be achieved through deliberate investment in marine assets that we own and control,” he said.
To achieve its goals, SIFAX Marine plans to acquire additional sea-going barges, creek vessels, and offshore support vessels. These assets will not only boost operational capacity but also deepen market reach and unlock higher-value contracts, particularly in the oil and gas sector. The company aims to acquire vessel types required for higher regulatory categorization, enabling it to access more opportunities on industry tender platforms and improve its prequalification prospects with major operators.
Beyond vessel acquisition, SIFAX Marine is exploring strategic partnerships and joint ventures to accelerate market entry and scale operations faster. The company is also considering expansion into vessel management and other complementary services that support offshore operations, further strengthening its value proposition as a full-spectrum marine services provider.
Quote:
Afolabi Olayinka:* “Asset expansion is not just about growth, it’s about readiness. Our focus is to ensure that SIFAX Marine is properly equipped to respond swiftly to market demand, especially in offshore support and oil and gas marine services where capacity, compliance, and reliability are critical.”
By implementing this strategy, SIFAX Marine aims to position itself for technically demanding and higher-margin offshore contracts, and further establish itself as a leader in the marine services industry.
