Africa-focused investment firm LAT Cleveson (LATC) has signed an agreement with Damen Shipyards for the supply of two PSV 3300 Platform Supply Vessels and two FCS 5009 Fast Supplier Vessels.

This will bring next-generation Damen PSVs to the offshore industry of Nigeria and the Gulf of Guinea.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The purchase has been made by LATC Marine, a unit of LAT Cleveson, which specialises in marine vessel supply and provides offshore operation support services to oil and gas operators in Nigeria.

"Ultimately, our strategy is to attain the capacity to build and maintain quality tonnage in Nigeria."

With the vessels acquisition, the company’s aim is to set new standards in the West African offshore oil sector.

Usually, vessels servicing the offshore industry in the Gulf of Guinea, and especially Nigeria, are older than those operating elsewhere in the world.

This acquisition has been financed by Fidelity Bank.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

LATC Marine COO Gbolahan Shaba said: "Our aim is to redefine the concept of quality tonnage in the Gulf of Guinea and particularly in Nigeria. We plan to locally develop the necessary skill sets that will sustain our quality service to the most demanding clientele who run very complex operations in the most challenging environments.

"Ultimately, our strategy is to attain the capacity to build and maintain quality tonnage in Nigeria. We anticipate strong demand for repair and docking services in our region and we plan to create the facilities to meet that demand, professionally and safely."

The vessels acquired by LATC Marine will receive support of the Damen Service Hub in Port Harcourt, as well as the Damen regional office in Lagos. A further service hub is being planned in Ghana.