Firms to enhance logistics efficiency

C & I Leasing Plc has enhanced Huawei’s operational efficiency to address safety, comfort and reliability for smooth logistics operations in the marine and transport sectors.

The agreement between both firms will not only expand the company’s vehicle fleet services but also deepen its capability to offer versatile and scalable transportation solutions.

According to C& I Leasing, the extension of contract tenors is expected to spur real investment and growth in the oil and gas sector, buoyed by favourable government policies, particularly in marine support services.

The firm stated that its marine business segment is set to expand its collaborations with International Oil Companies (IOCs), driving innovation and new production ventures.

The company noted that it has successfully renewed several existing marine contracts with IOCs and anticipates this trend to continue throughout the year. The company highlighted its accomplishments in securing, expanding, and renewing contracts across its fleet, outsourcing, and marine businesses, despite challenges such as high vehicle asset costs, inflation and foreign exchange volatility.

The company affirmed that its strategic focus on innovation and customer satisfaction positions it for further milestones and sets higher standards in the leasing, ancillary support service, marine and outsourcing industries, as well as to support government policy in driving economic growth.

“The foundation of C & I Leasing’s success lies in its operational and IT efficiency, robust risk management, and support from Africa’s best manpower, bolstered by new board advisory inputs. The long-standing confidence of financiers, many of whom have partnered with the company for over two decades, further attests to its stability and reliability, especially in the face of high project financing costs,” the company statement reads.