Tag: Caverton

News

Caverton partners NNPC, Stena Bulk to boost Nigeria’s maritime transportation 

Caverton Offshore Support Group Plc has announced a strategic joint venture with the Nigerian National Petroleum Corporation Shipping and Swedish tanker giant Stena Bulk. This collaboration aims to transform maritime transportation in Nigeria and the broader West African region. This initiative aims to enhance the transportation of crude oil, refined products, and liquefied natural gas […]

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Caverton, Naval Dockyard sign shipbuilding agreement

Caverton Marine Limited has entered into a shipbuilding agreement with Dockyard Limited, marking a key milestone in the development of Nigeria’s marine infrastructure. The signing ceremony, held at the Naval Dockyard in Lagos on Tuesday, highlights Caverton Marine’s commitment to boosting local vessel production, including GRP ferries, security boats, fishing vessels, and leisure crafts. Speaking […]

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Caverton Offshore Support’s share price soars by 65% in Sept

Caverton Offshore Support, a prominent marine and aviation logistics firm, has witnessed its share price skyrocket by more than 65% month-to-date on the Nigerian stock market. The company, which serves the oil and gas sector across Nigeria and sub-Saharan Africa, has been buoyed by positive market sentiment following its announcement to integrate electric outboard engines […]

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Caverton Offshore loss rises to N12bn

Caverton Offshore Support Group Plc’s after-tax loss increased by 146.79 percent to N12.75 billion at the end of December 2023, up from N5.17 billion in the same period. This was disclosed in its annual report recently filed with the Nigerian Exchange Limited. This is the third straight year that the corporation has reported after-tax losses, […]

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