Cargostore to Open DNV Offshore Operations in Africa

Source: 2/14/2017, Location: Europe

Global shipping container provider, Cargostore Worldwide Trading Ltd is to develop its DNV offshore operations on the African continent. The London-based company operates a fleet of ISO and DNV 2.7-1 containers and related equipment for sale, re-sale and lease directly and via its subsidiaries and partners throughout the UK, Europe, North America, Africa, South East Asia and the Middle East.

UK private equity company Agathos Management LLP took a majority shareholding in Cargostore in December 2016. DNV Offshore represents one of the fastest growing divisions at Cargostore.

“Service and territorial expansion are key to driving our offshore operations,” says company managing director Justin Farrington Smith. “Africa is one of the world’s fastest growing economies. We have established steady business on the continent and our policy now is to establish dedicated operations and appoint a network of agents there, as we have in the Middle East and elsewhere in the world,” he adds.

A major centre of oil and gas activity with a strong ports resource and strategic location, East Africa is cited as a likely base of operations for Cargostore DNV Offshore. A hub for key players in the oil and gas community, attracting leading oil, gas and petroleum companies from around the world, April’s Oil & Gas Kenya 2017 takes place in Nairobi.

“We’re attending this important event to introduce Cargostore to delegates and in turn identify suitable agencies to place business with within the region,” says Justin Farrington Smith. “By itself one of the biggest markets in Africa, Kenya is important also to our customers and trading partners from neighboring countries making Nairobi a likely platform for future expansion within the region.”

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