Company Profile For Mercator Lines Ltd

Mercator Lines Ltd (MRCT.BO) (Bombay Stock Exchange)

sector: Industrials · industry: Marine Transportation ·

As of 10:07am IST

54.95INR

Price Change

-2.25

Percent Change

-3.93%

Analyst Recommendations

Overview

Mercator Lines Limited is an India-based company engaged in shipping and related activities. The Company operates in five segments: shipping, offshore, logistic solutions, dredgers and mining. The shipping segment includes tankers, such as very large crude carrier (VLCC), Suezmax and Aframax. The offshore segment includes jack-up rig oil and gas exploration. The logistic solutions segment comprises coal handling. The dredgers segment includes trailer hopper suction dredgers (THSDs). The mining segment comprises coal mining. As of March 31, 2009, the Company owned total 15 vessels of aggregate tonnage of 14,43,239 deadweight (DWT) consisting of a VLCCs, a Suezmax tanker, five Aframax tankers, two MR Tankers, a Panamax and four dredgers.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, Mercator Lines Limited's revenues decreased 23% to RS8.52B. Net income decreased 76% to RS425.8M. Revenues reflect a decrease in income from Shipping segment, reduced income from Offshore segment and a fall in income from other segment. Net income also reflects an increase in depreciation expense and the presence of coal mining expenses.