Mercator sells Nerissa for $27.5 million

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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