Incorporated in July, 1999, Caverton Marine was established as a service company specializing in Tankers, Vessels, Boats, Barges and Allied Equipment.  The company is approved by the Nigerian Department of Petroleum Resources to operate within the Nigerian Oil and Gas industry as a service company specializing in providing Marine/Special Transportation Services and engagement in the shipment of petroleum products.

The passage of The Cabotage Bill by the Nigerian Government in May 2004 has allowed indigenous companies like Caverton Marine to become key players in the industry as it restricts  the operations of marine vessels and the transportation of Petroleum products in the region to Nigerian owned Vessels.

Caverton Marine continues to expand and improve the services it provides both within and beyond its core businesses. The company’s key objective is to obtain and maintain a chartering profile with emphasis on the long-term contract markets with operation in Nigeria.

 At Caverton Marine, Our strategy is to profitably increase revenues and enhance shareholder value.

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Fleet Management

Developing and maintaining a large, diversified, technologically sophisticated fleet.

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Focused Markets

Focusing on attractive international markets.

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Charter

Managing our risk profile through balance of short- and long-term charters

OUR CLIENTS

Caverton Marine provides vessel charter services to the six Nigeria LNG LPG off-takers. The company is approved by Nigerian Department of Petroleum resources (DPR) and Nigerian Maritime and Safety Administration (NIMASA) to operate vessels in the coastal waters of Nigeria under the Cabotage act as well as import and export charter. This permit allows Caverton Marine to engage in the shipment of petroleum products. Since inception, Caverton Marine Limited has rendered services to the following organisations:

COMPANY POLICY

Caverton Marine’s core value of safety is founded on the premise that the health and physical welfare of the people involved in any given activity is of paramount importance. Protecting the environment and our clients’ assets are a natural part of delivering first class.

At the core of our safety philosophy is our Safety Management System, which complies with our obligations under the ISM Code and provides systems and procedures to ensure that hazards are identified, risks are mitigated and accidents prevented. Employees at every level of the organization are responsible for the prevention of job-related injuries and illnesses, property damage, and environmental accidents, through the use of their good judgment and the diligent and consistent application of company guidelines and procedures.

LOCAL CONTENT POLICY

In response to the prevailing imbalance in the Nigerian shipping industry and in pursuance of the success of Nigeria on maritime reforms, the Federal Government of Nigeria made a bold attempt to change the face of maritime business within its coasts when it enacted the Coastal and Inland Shipping (Cabotage) Act 2003,

In addition to the Cabotage law, in 2010 The Local Content Bill was been enshrined into Nigerian Law. The Act seeks to increase indigenous participation in the oil and gas industry by prescribing minimum thresholds for the use of local services and materials and to promote the employment of Nigerian staff in the industry.

It provides privileges for indigenous companies by making sure there is first consideration for the training and employment of Nigerians and it sets out the criteria to be used by the operator and the contractor in assessing how first consideration is to be given to Nigerians in the process of evaluating bids for goods and services required for projects. This act directly affects operating companies, contractors, sub contractors and service providers in the oil and gas industries. In addition, the Act also affects, professional services engagements including legal and financial services in the oil and gas sectors of Nigeria.

The act and Cabotage Law were designed to promote indigenous Nigerian investment in the countries oil and gas and transportation sectors of the Nigerian economy As an wholly Nigerian company Caverton stands to benefit from these laws and is pursuing an aggressive fleet expansion programme as well as crew training and development.

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