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Mercator bags contract worth Rs 120 crore

20 Dec 2016 Evaluate

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.



Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 304.90
GE Shipping 1578.30
Dredging Corp 939.95
Seamec 1593.15
Shreeji Ship.Global 405.40
View more..

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