Search results for: Mercator

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  • 21 May 2012

    DP World’s plan to bring bigger ships to India’s first international container transshipment terminal (ICTT) will be delayed by at least two years after the dredging contractor Mercator Ltd halted the channel dredging. According to the Livemint, Union government-controlled Cochin port served a notice to Mercator giving the Mumbai-based firm 14 days to resume work. […]

  • 28 January 2019
    Business & Finance

    Mercator, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, said in its latest release that the Dredging Corporation of India (DCI) had filed an appeal before the courts in London against the arbitration awards of approx. $7 million payable to Mercator by DCI.  On 25 January 2019, the appeals filed by DCI have been dismissed with […]

  • 25 June 2015
    Business & Finance, Equipment, Technology, Vessels

    Mercator Limited, an Indian marine and energy group, is expanding their dredging business by adding two more dredgers to its fleet.  Mercator has taken delivery of two European built dredgers; the first one is a trailer suction hopper dredger which will be one of the largest capacity dredgers in India, and the second one is a […]

  • 16 November 2011
    Business & Finance

    Mercator Lines Limited announced its financial results for half year ended 30th Sept 2011 (FY12).The total consolidated income for HI FY12 was Rs. 1,584 Cr. against Rs. 1,268 Cr. for the HI FY11 ended on 30th Sept 2010 recording an increase of 25% on YOY basis. The consolidated Net Profit was Rs. 21.4 Cr. Dredging: […]

  • 14 August 2012
    Business & Finance

    Mercator Limited announced its un-audited financial results for the quarter ended June 30, 2012. The total consolidated income for the Q1FY13 was Rs. 1095 Cr. against Rs. 799 Cr. during Q1FY12 recording an increase of 37% on YOY basis. The operating profit (PBIDT) at Rs. 182 Cr increased by 18% compared to Rs. 154 Cr […]

  • 7 June 2017
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has won a contract for maintenance dredging work at the Karaikal Port. Mercator said in its statement today that this dredging program will be completed during the first half of FY2018. Karaikal Port is envisaged to have a total of […]

  • 6 August 2018
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has won a contract for the Goa Naval Area maintenance dredging works. The contract, worth $3.85 million, will be conducted in the 2018-20 period. According to a Mercator’s official statement, about 50% of the project will be executed in […]

  • 26 July 2018
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has emerged as the lowest bidder for the Mormugao and Porbandar dredging contracts. According to the company’s latest announcement, these dredging projects have an estimated combined contract value of $2.3 million. Under the Mormugao part of the agreement, […]

  • 1 February 2019
    Business & Finance

    Mercator Ltd. has started the arbitrations for claims arising out of wrongful deductions made by DCI from Invoices and damages arising out of the wrongful termination by DCI. It is clarified that the Tribunal has directed DCI to pay nearly 100% of the amounts they had wrongfully deducted from the Invoices, has held that the […]

  • 14 February 2012

      Mercator Limited (formerly Mercator Lines Ltd.) announced its financial results for the period ended 31st December 2011. The total consolidated income for Nine months ended December 2011 (9MFY1 2) was Rs. 2698 Cr. against Rs. 2044 Cr. in the coresponding period in previous year (9MFY1 1) recording an increase of 32% n YOY basis. […]

  • 21 December 2018
    Business & Finance

    Mercator Limited, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has emerged as the lowest bidder for the Paradip Port maintenance dredging project. According to the tender, which was floated out by Paradip Port Trust, the project includes dredging of 7.0 million CUM over the next three years. Dredging will remove […]

  • 28 January 2013
    Business & Finance

    Mercator Ltd has informed BSE that the Company has secured 2 new orders from Paradip Port Trust for Maintenance Dredging of the Approach and Extended Approach Channel to be executed over a period of 3 years aggregating to Rs. 210 cr approx, reports moneycontrol.com. Mercator group has diversified business interests in coal, oil & gas, […]

  • 14 August 2017
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, is considering dividing its shipping and dredging business into two separate entities.  “On 12th August 2017, the Board of Directors of Mercator initiated a study to explore the possibility of demerger of business via restructuring of Shipping and Dredging business […]

  • 29 August 2012
    Business & Finance

    During the speech at the Annual General Meeting, Mr. H. K. Mittal, the Executive Chairman of the Mercator Limited, shared a snapshot of the performance and challenges that the company experienced recently. “The company’s dredging fleet continues to remain fully employed directly with end users from both public sector ports as well as private sector […]

  • 28 June 2015
    Business & Finance, Equipment, Technology, Vessels

                    Panama Canal Expansion – June 2015 (VIDEO) A new video has just been released on the Panama Canal Expansion Program, the largest infrastructure project since the waterway’s original construction.   Long-Term Dredging Deal for DEME Ok Tedi Mining Ltd. (OTML) has awarded to Dredging International, member of […]

  • 14 February 2019
    Business & Finance

    Mercator, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, yesterday released the Standalone and Consolidated Unaudited Financial Results and Limited Review Report for the quarter/nine months ended December 31, 2018. At their yesterday’s meeting, the company’s Board of Directors has accorded its in-principle approval for conversion of loan and […]

  • 17 February 2013
    Business & Finance

      Mexico: Dredging Giants Eye Guaymas Port Contract According to José Luis Castro, the Guaymas Port director, the first phase of the port expansion will be tendered in March.   VIDEO: Jan De Nul Group People and vessels. These are the driving forces behind Jan De Nul Group.   VIDEO: Van Oord “Athena” (The Netherlands) […]

  • 6 November 2009
    Business & Finance, Vessels

    Mercator Lines has acquired four dredgers and plans to add six more to its portfolio… Source: LiveMint, November 5, 2009;

  • 5 September 2017
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has won a contract for the Director General Naval Project (DGNP) maintenance dredging work in Visakhapatnam. DGNP was established at the Naval Base Vizag for setting up a composite complex consisting of Naval Dockyard, Training School Complex and […]

  • 5 October 2018
    Business & Finance

    Mercator Limited, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has emerged as the lowest bidder in its bid for reclamation works of South-West cove at Jawahar Dweep, floated by Mumbai Port Trust. The contract, worth around $3,3 million, is expected to be completed over the next 18 […]

  • 2 August 2010

    Mr. V.S. Manf, Chief Financial Officer, of Mercator Lines Limited said, “We are happy to announce a good set of Q1 FY 2011 results with increase in revenues and profits. Our business model is now well rounded and diversified and that our strategy of sustainable and scalable business model has borne the fruit.” Mumbai, July […]

  • 10 October 2011

    Mercator Lines Ltd., India’s second- largest shipping company, plans to buy more dredgers as it seeks to benefit from the nation’s push to… By Tanya Ashreena (businessweek) [mappress] Source: businessweek, October 10, 2011;

  • 11 June 2017
    Business & Finance, Project & Tenders

    Dredging Today brings you an overview of the most popular stories from the past week (June 5 – June 11, 2017).   Third Dredge Joins Duck Beach Nourishment Operations Great Lakes Dredge and Dock Company (GLDD) is continuing work on the Town of Duck Beach Nourishment project.   Mahury Starts Work on Dawlish Warren Beach […]

  • 7 October 2018
    Business & Finance, Project & Tenders

    Dredging Today brings you an overview of the most popular stories from the past week (October 1 – 7, 2018).   Poland: EUR 313M Contract for Dredging International and Van Oord Dredging International, a DEME Group subsidiary, and Van Oord have been awarded a major contract for the modernization of the Świnoujście – Szczecin fairway […]

  • 9 September 2019
    Business & Finance

    New Mangalore Port Trust (NMPT) Chairman A.V. Ramana announced last week that Mercator Limited, the owner of sunken hopper dredger Tridevi Prem, has agreed to salvage the wreck, The Hindu informs.  As reported earlier, the Tridevi Prem, abandoned by its crew after water ingress, sunk on September 3 within port limits of NMPT. Indian Coast […]