Would you like to receive notifications on latest updates of the following headlines?

Caverton Marine Partners ExploMar to Electrify Lagos Ferries

POSTED ON August 12, 2024 •   Business      BY Abiodun Saheed Omodara
ExplorMar Charging Unit

Caverton Marine Limited, a prominent Nigerian marine logistics company, has forged a strategic alliance with ExploMar (Suzhou) Energy Technology Co. Ltd. of China. 

This partnership represents a crucial stride towards sustainable transportation in Nigeria, as Caverton Marine incorporates electric outboard engines from ExploMar into its newly launched passenger ferries, aptly named OMIBUS.

Caverton Marine, a Nigerian company, has recently inaugurated the OMIBUS ferries for the Lagos State government, aiming to revolutionise water transportation in the region.

By equipping these ferries with ExploMar's advanced electric outboard systems, Caverton Marine is enhancing operational efficiency and reducing carbon emissions. 

Additionally, a pilot programme was launched to assess operating expenses, highlighting the significant impact of the fuel subsidy removal on ferry ticket costs, emphasising the need for alternative, more affordable and eco-friendly propulsion systems.

This partnership between Caverton Marine and ExploMar demonstrates a dedication to sustainable innovation. 

ExploMar's electric outboard engines will substantially lessen the environmental impact of the ferries, contributing to cleaner waterways and air quality in Lagos. 

ExploMar's cutting-edge electric outboard systems are engineered for high performance and dependability. These engines will enhance the operational efficiency of the ferries, providing quieter and more cost-effective options compared to conventional fossil fuel engines.

ExploMar’s CEO, Alex Dong, said , “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, recognising 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.

ExploMar (Suzhou) Energy Technology Co. Ltd. is a pioneering ecological company founded in 2021, dedicated to electrifying water transportation. 

By leveraging sustainable energy and advanced information technology, the company develops powerful propulsion systems that deliver an exhilarating, intelligent, and environmentally-friendly experience for users on the water.

READ ALSO
JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

READ ALSO
Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

READ ALSO
CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

READ ALSO
FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...

READ ALSO
CBN Holds Interest Rate Steady at 27.50% Amid Inflation Concerns and Economic Recovery Efforts
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has once again held its benchmark inte...

READ ALSO
CBN Stresses Commitment to Protecting Financial Interests of Nigerians
BY Abiodun Saheed Omodara May 20, 2025 0

The Central Bank of Nigeria (CBN) has assured the public, depositors, and stakeholders that the Nige...

READ ALSO
Australia's Central Bank Cuts Interest Rate to 3.85% Amid Global Tariff Uncertainty
BY Abiodun Saheed Omodara May 20, 2025 0

On Tuesday, Australia’s central bank reduced its main interest rate to its lowest level in two...

READ ALSO
Fuel Prices: Dangote Refinery Credits Naira-for-Crude Initiative for Economic Relief
BY Abiodun Saheed Omodara May 20, 2025 0

The Dangote Petroleum Refinery has announced that the naira-for-crude arrangement enabled it to lowe...

OUR CHANNELS:

JUST IN: Tinubu Inaugurates New NNPC Board, Welcomes Fresh Leadership
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - President Bola Tinubu has officially inaugurated the board and management of the Ni...


JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 24, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...


LASG Allocates N1.6Bn to Support Vulnerable Residents in 2025
BY Abiodun Saheed Omodara May 24, 2025 0

LAGOS, Nigeria - Dedicated to alleviating the challenges faced by underprivileged residents of Lagos...


Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 23, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...


FG advocate for BASA agreement between Nigeria, Italy
BY Abiodun Saheed Omodara May 24, 2025 0

The federal government (FG) has emphasised the importance of reviving the Bilateral Air Services Agr...


CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 23, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...


Father Seeks Justice After Son Shot by Stray Police Bullet
BY Abiodun Saheed Omodara May 23, 2025 0

OYO, Nigeria - The father of Kehinde Paul Alade, a 14-year-old student who was fatally shot by a str...


Teacher Sentenced to Life Imprisonment for Defiling pupil
BY Abiodun Saheed Omodara May 23, 2025 0

LAGOS, Nigeria - A Lagos Sexual Offences and Domestic Violence Court, presided over by Justice Abiol...


LASG Cracks Down on 580 Nightclubs, Restaurants for Indoor Smoking Violations
BY Abiodun Saheed Omodara May 24, 2025 0

LAGOS, Nigeria - The Lagos State government took action on Wednesday against 580 nightclubs and rest...


Tottenham Triumphs in Europa League Final with 1-0 Victory Over Man United
BY Abiodun Saheed Omodara May 24, 2025 0

Brennan Johnson's scruffy goal brought Tottenham's 17-year trophy drought to an end with a hard-foug...


More Articles

Load more...

Menu