Leading indigenous shipping company and a subsidiary of Slok Group, Slok Shipping, has expanded its fleet’s reach with the acquisition of two additional state-of-the-art 2015-built PX121 platform supply vessels (PSV).

The company’s Group Managing Director, Firas Abboud said in a statement that the addition is another milestone in the company’s vision 2020 aimed at acquiring and operating vessels in the high-end segment of the OSV industry.

According to Abboud, the new assets, christened “SLOK ENERGY” and “SLOK POWER”, will complement the vessels in the fleet and support deep offshore exploration.

He said: “We wish to inform stakeholders in the offshore sector of the oil and gas industry that SLOK has taken delivery two brand new platform supply vessels. The ships which were built by BRITOIL Singapore under SLOK’s supervision will be available in Nigeria by Q4 2015.”

“We are taking on the challenge that Nigerian companies can compete and excel in all service sectors of the industry. Slok has become a regional player and will not restrict its activities to Nigerian waters anymore.

“In spite of global economic challenges, our management has adopted expansion strategies with the implementation of stringent financial measures to make this acquisition possible.

“We are determined to continue to satisfy our customers’ requirements by building boats that will not only meet their expectations but also set the pace for future trends.”

“We appreciate our financial partners that have been supporting our business growth and expansion efforts”, an elated Abboud added.