NNPC Shipping, Stena Bulk and Caverton Marine form Nigeria-focused joint venture

The Nigerian National Petroleum Corporation (NNPC) Shipping, Swedish Stena Bulk and Nigerian Caverton Marine have launched a new joint venture that aims to transform Nigerian maritime transportation.

As disclosed, the trio signed an agreement which will create a new tanker operation serving Nigeria and West Africa’s regional and global crude oil, refined product and LNG shipping requirements.

The partners will create a new company that will seek to provide “top quality, reliable and efficient” maritime transport. They will, reportedly, explore options to create a “modern