SIFAX Marine Services Limited has unveiled an ambitious expansion roadmap for 2026, anchored on asset-led growth and a stronger push into Nigeria’s offshore and oil and gas marine services space.
The strategy signals a major shift from revenue growth driven largely by pricing adjustments to a more sustainable, scalable model based on vessel ownership, fleet expansion, and operational capacity building.
Speaking on the plan, Executive Director of SIFAX Marine, Afolabi Olayinka, said the company’s recent performance underscored the need for deliberate investment in owned marine assets as the foundation for long-term competitiveness.
“Our experience over the past year has shown that sustainable and exponential growth can only come from deliberate investment in assets that we own and control. While rate adjustments supported revenue in the last financial year, the future of SIFAX Marine lies in building a strong market for offshore and energy logistics services.
Looking ahead, industry observers say SIFAX Marine’s asset-led strategy aligns with broader shifts in Nigeria’s marine and offshore economy, where operators are increasingly judged not just by pricing but by capacity, compliance strength, and reliability of owned equipment.
As oil and gas activities rebound and offshore projects become more technically complex, service providers with modern, compliant fleets are better positioned to support exploration, production, and logistics operations efficiently.
For SIFAX Marine, the 2026 expansion drive is therefore not merely a business growth plan, but a strategic repositioning — from a service operator dependent on hired capacity to an integrated marine logistics player with controlled assets and deeper operational influence.
The Management believes the combination of fleet expansion, regulatory readiness, partnerships, and service diversification will strengthen revenue stability, improve margins, and enhance the company’s profile with international oil companies and indigenous operators alike.
With these initiatives, SIFAX Marine is setting the stage to compete more aggressively in Nigeria’s offshore and oil and gas marine services market, reinforcing its role as a dependable partner in supporting the country’s energy and maritime value chain in the years ahead.