Caverton Offshore Support Group Plc has announced a joint venture involving the Nigerian National Petroleum Corporation (NNPC) Shipping, Stena Bulk, and its subsidiary, Caverton Marine Limited, which aims to enhance maritime transportation in Nigeria.
This information was shared in a disclosure signed by Chief Executive Officer Olabode Makanjuola and published on the Nigerian Exchange (NGX) on February 26, 2025.
The disclosure outlines that the joint venture will establish a new tanker operation to address the shipping needs for crude oil, refined products, and LNG in Nigeria and West Africa.