Nigeria Oil Company is the parent company of a network of subsidiaries worldwide and a wholly-owned subsidiary of The Mildred Drake Family Trust (MDFT). NOC is a horizontally and vertically integrated Oil and Natural gas company. The company refines, stores, explores, sells and transports Petroleum and Gas Products worldwide.
One of the subsidiaries of Nigeria Oil Company is Maritime Capital Management Partners USA LLC which will provide shipping and logistics for our trading.
Maritime Capital Management Partners USA LLC (the “Company” or “MCMP”) (www.mcmpltd.com) is a vertically integrated commercial shipping and physical commodity trade company. Its purpose is to create a high profit margin and low volatility investment structure, for its principals and investors. The MCMP investment model positions the Company as the employer (charterer) of their own vessels and the principal in the trade of the commodity transported on their vessels. By combining the ownership of both the vessel and the commodity transported, MCMP created their core investment model, the “Ship+Trade” model. The Ship+Trade model eliminates the third-party ship-owner profit component of freight rates and the operational uncertainty that accompanies use of third-party ship-owners. It also eliminates the cost associated with external trade finance capital. The result of the Ship+Trade model is that MCMP’s revenues are driven by profits generated by the purchase and sale of the cargo transported and not by freight rates.