- NNPC Shipping teams up with Sweden’s Stena Bulk and Nigeria’s Caverton Marine
- The deal aims to bolster Nigeria’s energy logistics and position the company for global competitiveness
Lagos, Nigeria – Nigeria’s state oil company is making a fresh push into the maritime sector with a joint venture designed to elevate its shipping operations to global standards. The shipping arm of the Nigerian National Petroleum Company (NNPC) has teamed up with Stena Bulk, a Sweden-based tanker giant, and Lagos-based offshore logistics firm Caverton Marine Limited. The agreement, announced Tuesday, is aimed at strengthening crude and refined product transport, boosting Nigeria’s refining capacity, and creating a competitive logistics business that could rival international players.
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