Caverton Marine Partners with Naval Dockyard to Revamp GRP Warehouse into World-Class Manufacturing Facility

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Caverton Marine Limited, a subsidiary of Caverton Offshore Support Group Plc, has signed a concession agreement with Naval Dockyard Limited to transform the GRP Warehouse into a state-of-the-art manufacturing facility.

This partnership aims to enhance local production capabilities in shipbuilding and marine manufacturing.

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Mr. Olabode Makanjuola, Chief Executive Officer of Caverton Offshore Support Group Plc, highlighted the importance of the partnership during his remarks: “Today represents a pivotal moment as we formalize this partnership with Naval Dockyard Limited to transform the GRP Warehouse into a world-class manufacturing facility”

“The Naval Dockyard’s legacy as Nigeria’s premier shipbuilding and repair hub aligns seamlessly with our vision to develop innovative maritime solutions and advance shipbuilding capabilities across the region.”

He further emphasized that this initiative reinforces Caverton Marine’s commitment to fostering local capacity development, workforce training, and technological advancements in the maritime sector.

The revamped GRP Warehouse will play a crucial role in Caverton Marine’s strategic growth, enabling the company to execute large-scale boat-building contracts, explore new markets across Sub-Saharan Africa, and form additional strategic alliances.

This agreement underscores Caverton’s dedication to contributing to the growth of Nigeria’s marine infrastructure and establishing the country as a key player in the global maritime industry.

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