In December 2011, Caverton Marine formed a Joint Venture Company (JVC) with RK Offshore Ltd (a Singapore based shipping Company). This partnership draws on Caverton’s strengths as a well-established indigenous shipping company and RK’s technical expertise and experience in the offshore service sector. The newly formed company CavertonRK aims to pursue aggressive growth plans in indigenous technical management of vessels in the Gulf of Guinea and enable Caverton Marine Limited to participate fully in the upstream Oil & Gas/ Marine business in the sub-Saharan Africa.