Share Price : ₦4.90
About
Unity Shipping Worldwide
Unity Shipping Worldwide Limited, registered in Dubai, UAE, a strategic joint venture formed by the Nigerian National Petroleum Company (NNPC) Shipping Limited, Caverton Marine Limited, and Stena Bulk AB, committed to advancing innovation and setting new standards of excellence in the shipping industry.
The joint venture is positioned to revolutionise NNPC’s shipping operations, supported by strategic partnerships, and positioned in a globally advantageous location.
A Joint Venture of
Mission
To provide reliable and efficient maritime transportation services for crude oil and refined petroleum products, leveraging a top-tier fleet and strategic industry partnerships.
Vision
To be the leading shipping pool serving West African trade lanes and expanding globally through innovation and excellence in maritime solutions.
The Necessity of Collaboration: A Joint Venture Solution
A truly transformative solution required a collaborative effort, combining:
Caverton's deep-rooted local expertise
Their understanding of the Nigerian maritime landscape, regulatory environment, and operational realities.
NNPC's strategic vision and national reach
Their ability to drive large-scale projects and secure long-term contracts.
Stena Bulk's global shipping expertise and financial strength
Their capacity to provide modern vessels and international best practices.
Fleet Acquisition
Unity Shipping Worldwide (USW) is strategically positioned to expand its shipping capacity in alignment with the trading needs of the NNPC. Unity Shipping Worldwide’s initiative to build shipping capacity in support of NNPC’s trading operations involves a multifaceted approach.
By investing in modern tankers, employing hedging strategies to manage freight exposure, and leveraging NNPC’s influence, USW can create a resilient and efficient shipping operation that not only meets the needs of NNPC but also positions itself competitively in the global shipping industry.
This strategic alignment will ultimately enhance NNPC’s trading capabilities, ensuring a steady flow of oil in an increasingly volatile market.
Future Outlook and Benefits
Nigeria’s Blue Economy Potential
Unity Shipping will expand maritime capacity, boost port infrastructure, and drive sustainable ocean resource use, aligning with Nigeria’s economic goals.
Pioneering Sustainable Maritime Solutions
Driven by eco-efficient shipping and global environmental compliance, Unity Shipping is set to spearhead sustainable maritime practices.
Developing Local Talent
Unity Shipping will develop a skilled workforce through training and partnerships, advancing Nigeria’s maritime expertise and creating jobs.
Improving Energy Security
We aim to facilitate efficient transport of crude oil and refined products, ensuring consistent supply within Nigeria and across West Africa.
