Delphin Marine Logistics Ltd, a member of the HCL Group, has entered into a joint venture with the American company Rigdon Marine, to transport products and supplies to rigs operating in the oil and gas industry.
Damien Rose, managing director of the Chaguaramas-based Delphin Marine, said the joint venture was finalised in February.
“Delphin Marine is a marketing and operations firm. We operate and market here to the offshore oil and gas industry for platform supply vessels, tugs and marine equipment.
“Right now, we market Rigdon’s vessels because we don’t own any of our own,” Rose said.
“We are actively pursuing avenues to jointly purchase vessels.
“The thing with this business is it’s a very large capital outlay. That is one barrier to entry. One vessel is US$20 million on the low side.”
Rose said HCL did not get involved in the marine industry simply to manage vessels.
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