This brief document  highlights the prospects of investing in the acquisition of a mini barge of 3,000 tonnage capacity , the barge will serve as a shuttle barge for inland water distribution of petroleum products to FPSO vessels & Service boats /offshore rigs. The vessel can also shuttle tank farms at the coastal region with a low draft.

West Africa's maritime sector is experiencing significant growth, driven by the region's economic development and international trade activities. The demand for tanker vessels, particularly for transporting crude oil, petroleum products, and chemicals, is expected to rise in line with the region's expanding energy and industrial sectors.

Project Scope:
The analysis focuses on the strategic and operational benefits of acquiring the vessel within the framework of a 5-year charter party contract with tiered daily hire costs. The report excludes specific cost figures and focuses on the qualitative assessment of the project's viability.
The business will focus on chartering tanker Barges to clients for transporting liquid cargoes across regional and international routes. Key operational factors include vessel maintenance, crew management, safety protocols, and adherence to maritime regulations and industry standards.
Potential risks and challenges in the tanker Barge chartering business include market volatility, geopolitical factors, regulatory changes, operational disruptions, and environmental concerns. Risk mitigation strategies will be implemented to manage and minimize these risks effectively.
Acquiring an 3,000MT vessel presents a compelling opportunity to expand the company's reach and service offerings within the West African petroleum market. This report will provide a definitive assessment of the project's feasibility and potential return on investment.