Mercator sells ‘M. T. Kamakshi Prem’ to one of its subsidiaries in Singapore

03 Apr 2013

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.

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