Mercator sells Nerissa for $27.5 million

30 Apr 2019

Mercator has sold its very large crude carrier – Nerissa (VLCC), built 2006, for a total consideration of  $27.5 million (Net) and the proceeds of which is being used to reduce the debt and other liabilities. The buyer does not belong to Promoter/ Promoter Group Companies.

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.

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Mercator Share Price

1.03 0.03 (3.00%) Mar 08, 18:37
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Company Name CMP
Shipping Corpn. 129.15
GE Shipping 311.20
Dredging Corp 398.80
Shreyas Shipping 81.25
Essar Shipping 9.66
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