L.A.T Cleveson (LATC), an Africa-focused investment firm has just signed an order with Damen Shipyards Group for four new offshore support vessels consisting of two PSV 3300 Platform Supply Vessels and two FCS 5009 Fast Supplier Vessels. The orders have come in via LATC’s subsidiary LATC Marine Ltd which has been gaining traction in Nigeria and the Gulf of Guinea region as a provider of marine vessel supply and offshore operation support services to the offshore oil & gas sector.
RS Platou Africa (RSP) was an advisor to LATC on the agreement and Mr Simon Pethick, Head of RSP’s Offshore Support Vessel & Drilling Units division, provided the following insight:
“For some years now, we have seen the need for Innovation in Vessel Designs of Higher Quality & Efficiency and especially sustainable services throughout Africa’s west coast operations. Hence, new – and newly built – tonnage is needed. At the same time, both businesses and governments need long-term stability to grow. This can only happen if the region develops the right skills and focuses on long-term relationships between owners, operators, suppliers, governments and financial institutions for the development of long term sustainability.”
Nigeria-based Fidelity Bank Plc, is providing the financial backing for the deal.
Mr Gbolahan Shaba, COO of LATC Marine comments: “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.”