Mercator has sold its M. T. Kamakshi Prem to one of its subsidiaries in Singapore as a strategic decision. M. T. Kamakshi Prem is a very large crude carrier (VLCC) built in 2006 of 299,235 DWT capacity.
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.