Floating and Production Storage Systems: Operational:
274
On Order:
42
Planned:
152
Available:
12
Mercator group has diversified business interests in Coal, Oil & Gas, Commodity Transportation and Dredging.
Mercator group?s enterprising spirit has made a mark in Commodity transportation of Crude Oil, petroleum products, Coal, Iron-ore, with capacity expansion of more than 1200% since 2003.
Mercator aims to continue this legacy of growth in its focus on the business of Energy based resources especially Coal Mining and Oil & Gas Exploration and services.
The name and logo of Mercator appropriately reflects our focus on Energy based resources.
A small synopsis of Our Businesses:
Coal Mining & Logistics: Mercator owns Coal Mines in Indonesia and Mozambique of which Coal mines in Indonesia are operational.
Mercator can offer complete logistics solutions for its customers from load port to the point of usage.
We also procure coal to meet the requirements of our clients.
This business is done through international subsidiaries under the brand name of ?Oorja.
? Coal Mining, procurement and logistics contribute more than 60% of our group revenue.
Offshore Oil and Gas Services: Mercator has built, owns and operates a Floating Production Unit (FPU) for Afren Resources Ltd.
in Nigeria.
An FPU is a combination of a Mobile Offshore Production Unit (MOPU) and a Floating Storage & Offloading (FSO) vessel.
Mercator also has a long-term contract for an FSO with British Gas in India.
Oil & Gas Exploration: Mercator owns two oil & gas blocks in the very prolific Cambay basin (Gujarat), India.
Dredging Services: Serves the huge infrastructure needs of the Indian ports with its 5 Trailing Suction Hopper Dredgers and one cutter suction dredger.
Mercator under-takes maintenance and capital dredging projects and helps maintain the drafts of the shipping channels at ports.
Commodity Transportation: Mercator has one of the largest capacity in India to transport Crude Oil, Petroleum Products for major oil companies.
Mercator owns/operates a fleet of dry-bulk carriers transporting Coal, Iron-ore and other dry-bulk commodities.
Our Singapore subsidiary is also listed on the Singapore Stock Exchange.
A vessel optimization application offering combined tidal and non-tidal (ocean) current data has been launched for integrated vessel speed and route optimization. Developed by oceanographic data specialist Tidetech, the new application offers…
Mercator Lines (Singapore) agree early termination & settlement agreements with owners of bulkships 'Chaitali Prem' & 'Chanchal Prem'. Briefly, the existing charter of M.V. “ Chaitali Prem ” ends on or about 31 August 2014. Under the terms of the relevant Early Termination Agreement…
Mercator Lines (Singapore) agrees to sell its 279,022 dwt VLOC 'Sri Prem Putli'. The vessel was built in 1993 and converted from Very Large Crude Carrier (VLCC) to Very Large Ore Carrier (VLOC) in 2009. The Vessel is expected to be delivered to its buyers in March 2013.
Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management. The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal…
Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.1 million for the quarter as against a loss of USD…
