Mercator has secured a time charter of total value of about Rs 120 crore for one of its vessel. The period of contract is 4 years (inclusive of Charterers options) and the charter will commence from January, 2017.
Earlier in March, the company’s wholly owned subsidiary - Mercator International (MIPL) had received approval from the Singapore Exchange (SGX) for divestment of entire stake in Mercator Lines (Singapore) (MLS).
Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.
| Company Name | CMP |
|---|---|
| Shipping Corpn.India | 290.60 |
| Great Eastern Ship. | 1384.30 |
| Dredging Corporation | 1050.70 |
| Seamec | 1429.65 |
| Shreeji Ship.Global | 521.10 |
| View more.. | |
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