April 20, 2016
C&I LEASING PLC TAKES DELIVERY OF FOUR UNITS OF DAMEN 1605 BALLISTICS SECURITY PATROL BOATS AND 1 RHIB CRAFT
C&I LEASING PLC TAKES DELIVERY OF FOUR UNITS OF DAMEN 1605 BALLISTICS SECURITY PATROL BOATS AND 1 RHIB CRAFT

Lagos, Nigeria; April 20, 2016 – C&I Leasing plc., a leading Nigerian content player in the offshore support vessel market, has just announced that after a successful performance during sea trials, the company has taken delivery of four units of Damen 1605 Ballistics Security Patrol vessels and one RHIB craft.

The vessels which were built by Damen Shipyards Gorinchem, are in fulfilment of a recent contract which was awarded to the company by the Nigerian LNG Ltd.

The 16-metre crafts have aluminium hulls and a GRP composite superstructure. The accommodation has additionally been clad with bullet-proof materials to protect the personnel inside. All four vessels also feature uprated water jets and engines for maximum performance.

While receiving the boats, in Lagos, Mr. Wisdom Nwagwu, the General Manager, C&I Marine disclosed that the NLNG contract which was signed late 2014 was for a five years firm period with an option of one year extension, and a cumulative option to a maximum of three years.

“The patrol boats will be used to provide security patrol and escort services for LNG tankers calling in and out of the NLNG Bonny terminal.” He said.

While commenting on the partnership with Damen, Mr. Nwagwu mentioned that this set of boats will bring up to seven, the number of Damen built boats in their fleet. “We strongly believe that our partnership with Damen will continually place us in a position to play a key role in the Nigerian marine sector.” He said.

It will be recalled that C&I Leasing had in November 2015, sponsored twelve candidates to the Damen shipyard in Romania for six weeks, to study different aspects of ship building.

About C&I Leasing Plc

C & I leasing plc, listed on the Nigerian Stock Exchange, is the foremost brand for leases and other ancillary services in Nigeria. With staff strength of over 4,500 people and operational offices in key locations in Nigeria and Ghana, the company takes pride in its track record of exceptional and qualitative service delivery.

Today, the C & I leasing plc brand presence can be felt in major sectors in the Nigerian economy, providing specialized services, in Marine, Fleet Management, Logistics, Equipment Rentals, Manpower Outsourcing and Transportation.

About Damen Shipyard Group

Damen Shipyards Group operates 32 shipbuilding and repair yards, employing 9,000 people worldwide. Damen has delivered more than 5,000 vessels in more than 100 countries and delivers some 180 vessels annually to customers worldwide. Based on its unique, standardised ship-design concept Damen is able to guarantee consistent quality.

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Media Contact:

Samuel Iboroma

Corporate Communications, C&I Leasing

samuel.iboroma@c-ileasing.com

08172007220