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Dredging and coal mining to boost Mercator

Monday, September 1st, 2008 FE reported that, Mercator Lines' foray into dredging and coal mining business coupled with demand for vessels, its transformation into complete logistics solution provider and contract renewals at higher rates will provide a boost to the earnings growth of the company. To minimize earnings volatility, it has employed 70% of its ...

Dredging, coal mining to boost Mercator

Friday, August 29th, 2008 Mercator Lines’ foray into dredging and coal mining business coupled with demand for vessels, its transformation into complete logistics solution provider and contract renewals at higher rates will provide a boost to the earnings growth of the company. To minimize earnings volatility, it has employed 70% of its shipping fleet in ...

Mercator plans to buy coal mine in Indonesia

Thursday, August 28th, 2008 Mercator Lines, which is possibly the only domestic shipping company to foray into the coal mining business, is now planning to acquire a 50 million tonne coal mine in Indonesia. Mercator expects to invest $50-75 million (approximately Rs 200-300 crore) for acquisition, a senior company official said. He said that the ...