SIFAX Marine Shifts to Asset-Led Growth, Eyes Stronger Oil and Gas Market Presence in 2026
Kathy Kyari
SIFAX Marine Services Limited has unveiled an ambitious asset-led expansion strategy for 2026, signaling a decisive shift toward vessel ownership as it positions for deeper participation in Nigeria’s offshore and oil and gas marine services market.
The Lagos-based marine logistics company said the strategy marks a move away from growth driven largely by rate adjustments, towards a more sustainable and scalable business model anchored on fleet expansion and operational control.
Speaking on the new direction, Executive Director of SIFAX Marine, Afolabi Olayinka, said the company’s recent performance underscored the need for long-term investments in owned marine assets.
“Our experience over the past year has made one thing very clear, sustainable and exponential growth will only come from deliberate investment in marine assets that we own and control.
While rate adjustments supported revenue performance in the last financial year, the future of SIFAX Marine lies in building a strong owned fleet that gives us capacity, resilience, and long-term competitive advantage,” Olayinka stated.
As part of the 2026 plan, the company intends to acquire additional sea-going barges, creek vessels, and offshore support vessels.
The expansion is expected to significantly enhance operational capacity, widen market reach, and open access to higher-value contracts, particularly within the oil and gas sector.
The company noted that increasing its owned fleet would allow it to retain greater value internally while offering clients improved consistency, responsiveness, and reliability in service delivery.
A key focus of the strategy is regulatory readiness for oil and gas operations. SIFAX Marine plans to invest in vessel types that meet higher regulatory classifications, a move expected to strengthen its eligibility on industry tender platforms and improve prequalification standing with major oil and gas operators.
“Asset expansion is not just about growth, it is about readiness,” Olayinka explained. “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.”
The company believes this compliance-driven expansion will position it for technically demanding and higher-margin offshore contracts that remain inaccessible to operators without sufficient owned assets and regulatory credentials.
Beyond vessel acquisition, SIFAX Marine disclosed that it is exploring strategic partnerships and joint ventures to accelerate market entry and scale operations.
The firm is also considering expansion into vessel management and other complementary offshore support services, aimed at strengthening its offering as a full-spectrum marine services provider.
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