• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies

Caverton Marine partners with ExploMar to electrify Lagos State ferries 

NM Partners by NM Partners
August 12, 2024
in Companies, Corporate Updates
Caverton Marine partners with ExploMar to electrify Lagos State ferries 

OMIBUS

Share on FacebookShare on TwitterShare on Linkedin

Caverton Marine Limited, a leading Nigerian provider of marine logistics services, is excited to announce a strategic partnership with ExploMar (Suzhou) Energy Technology Co. Ltd. of China.

This partnership marks a significant step towards sustainable transportation in Nigeria, as Caverton Marine integrates electric outboard engines from ExploMar into the recently launched passenger ferries aptly named OMIBUS. 

OMIBUSES at Caverton Marine Boatyard, Badore Ferry Terminal, Badore, Lagos

The OMIBUS, built by Caverton Marine in its facilities in Lagos, Nigeria, were recently commissioned by the Lagos State government, and are set to revolutionize water transportation in the region.

RelatedStories

Caverton shares soar over 65% MtD in September 2024, after partnership with ExploMar 

Caverton shares soar over 65% MtD in September 2024, after partnership with ExploMar 

September 13, 2024

By equipping these ferries with ExploMar’s advanced electric outboard systems, Caverton Marine is not only enhancing the operational efficiency of its fleet but also contributing to the reduction of carbon emissions and environmental impact. 

In addition, Caverton Marine, in collaboration with the Lagos State government, successfully launched a pilot programme for the OMIBUS two weeks ago (July 29th) to ascertain operating expenses. One of the key takeaways from this pilot programme is the significant impact of the removal of the fuel subsidy on operations and, ultimately, the cost of a ferry ticket. This underscores the urgent need to explore alternative cheaper and cleaner forms of propulsion for the ferries. 

WAVE 300, WAVE 150+ and WAVE 70+

This collaboration between Caverton Marine and ExploMar underscores a commitment to sustainable innovation. The electric outboard engines from ExploMar will significantly reduce the environmental footprint of the ferries, promoting cleaner waterways and air quality in Lagos. ExploMar’s state-of-the-art electric outboard systems are designed for high performance and reliability. These engines will improve the operational efficiency of the ferries, offering quieter and more cost-effective alternatives to traditional fossil fuel engines. 

ExplorMar Charging Unit

Commenting on the partnership, Bode Makanjuola, CEO of Group Caverton Offshore Support Group, stated, “This agreement with ExploMar represents a significant milestone in our journey towards sustainable maritime operations. By leveraging ExploMar’s cutting-edge technology, we are setting new standards for passenger ferry services in Nigeria and demonstrating our commitment to a greener future. This initiative not only supports environmental goals but also aligns with Caverton Marine’s mission to empower local industries. The electrification of our marine vessels showcases the potential for homegrown solutions to address global challenges.” 

ExplorMar Battery Pack

ExploMar’s CEO, Alex Dong, added, “We are thrilled to collaborate with Caverton Marine on this groundbreaking project. The ferries equipped with our electric outboard systems will serve as a model for sustainable marine transport, not just in Nigeria but across Africa. The partnership was born out of our proactive engagement, recognizing the need for innovative solutions in Nigeria and across Africa. This collaboration promises to deliver substantial benefits, including reduced operational costs, enhanced passenger experience, and a positive environmental impact.” 

Caverton Marine Limited is a subsidiary of Caverton Offshore Support Group, providing marine logistics services to local and international oil and gas companies in Nigeria and Sub-Saharan Africa. Established in 1999, Caverton Marine has grown to become one of the largest and most reliable offshore support logistics companies, known for its commitment to innovation and quality. 

About ExploMar (Suzhou) Energy Technology Co. Ltd

ExploMar, established in 2021, is a visionary ecological company that is leading the charge in electrifying water mobility. Through our inclusive use of sustainable energy and cutting-edge information technology, we create powerful powertrain systems that enable users to enjoy a thrilling, intelligent, and eco-friendly experience on the water.


Follow us for Breaking News and Market Intelligence.
Tags: Caverton MarineExploMar
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

Caverton shares soar over 65% MtD in September 2024, after partnership with ExploMar 
Equities

Caverton shares soar over 65% MtD in September 2024, after partnership with ExploMar 

September 13, 2024
Next Post
Harris overtakes Trump on Crypto prediction platform Polymarket, odds surge to 52%  

Harris overtakes Trump on Crypto prediction platform Polymarket, odds surge to 52%  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
Emple
Palmpay
first bank








DUNS

Recent News

  • New Zealand will no longer accept paper student visa applications by Sept 18 
  • Relocate or invest? What N50 million can do for you in 2025
  • No official Apple stores in Nigeria? London incident fuels authenticity debate

Follow us on social media:

Recent News

New Zealand

New Zealand will no longer accept paper student visa applications by Sept 18 

August 18, 2025
IMF to sponsor youths to World Bank-IMF meetings in Morocco

Relocate or invest? What N50 million can do for you in 2025

August 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics