Japaul Plans To Acquire Six Vessels That Will Earn $150,000 Per Day

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Japaul Oil & Maritime Services Plc will acquire six more vessels between now and 2014 to boost its income earning capacity and deliver high returns to shareholders, the company’s chairman, Major General Joshua Omosebi (rtd) has said.

Omosebi told shareholders of the company recently that the vessels would have a combined earning capability of $150,000 per day, which would  boost its existing income stream.

“The operating environment is so good that if we have 50 vessels today, the market will absorb them because the Nigerian content policy has created an enabling environment for all local maritime companies to do well. It is evident therefore that there is no limit to our growth despite all the challenges we have been facing,” he said.

“The operating environment is so good that if we have 50 vessels today, the market will absorb them because the Nigerian content policy has created an enabling environment for all local maritime companies to do well. It is evident therefore that there is no limit to our growth despite all the challenges we have been facing,” he said.

 

More on the story: Japaul to Acquire Six Vessels to Boost Income