Mercators owns and operates a wide range of fleet ranging from Tankers, Bulk Carriers and Gas Carrier.
Tankerage refers to the transportation of wet bulk cargo (usually crude oil and refined products) by ship, both domestically between Indian ports and internationally between Indian and non-Indian ports. Wet Bulk cargo forms one of the largest categories of seaborne trade.
Mercator commenced its Wet Bulk business in 1998 by acquiring the vessel M. T. Richa (9,750 DWT) and entered into crude oil transportation in 2003. In a very short span of time, it has grown to be amongst the major Indian companies in this segment. Mercator is amongst the larger private sector shipping companies in India in terms of tonnage. The company operates its fleet as a mix of spot contracts (single-voyage) and period contracts (fixed-term).
In addition to its usage for transportation of cargo, tankers can also be used as offshore storage facilities. The Company has one such Floating Storage & Offloading vessel (FSO) which is a modified Aframax tanker.
Mercator also has the honour of being the first Indian company to have its complete Tanker fleet of double hull.
Mercator has established a market presence in the market, specializing in the transportation of dry bulk commodities, such as coal and iron ore amongst other commodities.
Mercator acquired a Very Large Gas Carrier in 2014 to foray into the expanding gas transportation market. The vessel services Indian National Oil Companies on long term basis
Key Clientele: BG Exploration | IOC | BPCL | HPCL | MRPL | Poompuhar Shipping