Mercator Lines Ltd, India’s second largest private shipping company has taken delivery of its new build Jack up Rig at a cost of approximately Rs 1000 cr from the world’s leading shipyard Keppels FELS, Singapore. The newly built state of the art, premium Jack Up Rig acquired through its Singapore-based wholly owned subsidiary, Mercator Offshore Ltd, is class B Nod V capable of working in a water depth of 350 ft and has a drilling capacity of 30,000 ft.
H K Mittal, Executive Chairman, Mercator Lines Ltd said, “Mercator has always believed in expanding through tough times as we believe that companies which invest wisely during such times shall be in a better position to take advantage of any improvement in the business cycle.”
Mercator has consistently diversified its portfolio over the last few years and is now a strong player not only in the tanker segment but also in bulk carriers, dredging, coal mining, logistics and now Oil drilling.
H K Mittal, Executive Chairman, Mercator Lines Ltd said, “Mercator has always believed in expanding through tough times as we believe that companies which invest wisely during such times shall be in a better position to take advantage of any improvement in the business cycle.”
Mercator has consistently diversified its portfolio over the last few years and is now a strong player not only in the tanker segment but also in bulk carriers, dredging, coal mining, logistics and now Oil drilling.