Mercator has sold its old vessel MT Sisouli Prem (VLGC), built 1992, for a total consideration of $7.6 million and the proceeds of which would be used to reduce the debt and other liabilities.
Mercator is one of India's largest private sector Dredging Company. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.