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Mercator Lines Profit Hit by Low Bulk Freight Rate

July 29, 2014

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.1 million for the quarter as against a loss of USD…

Vessel Optimization Data

May 20, 2014

A vessel optimization application offering combined tidal and non-tidal (ocean) current data was launched for integrated vessel speed and route optimization. Developed by Tidetech, the application offers resolution of six nautical miles at 60-minute intervals in a six-day forecast.

Commercial Marine World on Show at Seawork

February 10, 2014

From countries across the globe, including Australia, Canada, the U.S. and Europe, more than 500 exhibitors will be at Seawork International, the commercial marine exhibition and conference, opening on Tuesday, June 10 for its annual three-day run in the ABP Port of Southampton, U.K.

Floating Production Systems Report And Online Database

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Vessel Optimization Data Combines Ocean/Tidal Currents

December 13, 2013

A vessel optimization application offering combined tidal and non-tidal (ocean) current data has been launched for integrated vessel speed and route optimization. Developed by oceanographic data specialist Tidetech, the new application offers…

Mercator Lines Reduce Liabilities in Challenging Market

March 22, 2013

Mercator Lines (Singapore) Indian-owned international dry bulk shipping company cuts short charters, sell a ship. The sale of the vessel Sri Prem Putli was concluded on 21st March, 2013 resulting in net proceeds of USD 44.4 million. The proceeds…

Singapore's Mercator Lines Sell off Subsidiary

March 18, 2013

Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management. The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal…

Ship Sale Pays Off Mortgage, Compensates Charter Termination

February 7, 2013

Mercator Lines (Singapore) agrees to sell its 279,022 dwt  VLOC 'Sri Prem Putli'. The vessel was built in 1993 and converted from Very Large Crude Carrier (VLCC) to Very Large Ore Carrier (VLOC) in 2009. The Vessel is expected to be delivered to its buyers in March 2013.

Seawork Expands for 2013 Event

January 21, 2013

Seawork, the commercial marine industry exhibition and conference (ABP Port of Southampton UK, 25-27 June 2013; www.seawork.com), has expanded into a third hall, due to increased demand for stands from exhibitors. At the close of 2012, Hall A was completely sold out…

Mercator Lines (Singapore) Terminate Ship Charters Early

January 1, 2013

Mercator Lines (Singapore) agree early termination & settlement agreements with owners of bulkships 'Chaitali Prem' & 'Chanchal Prem'. Briefly, the existing charter of M.V. “ Chaitali Prem ” ends on or about 31 August 2014. Under the terms of the relevant Early Termination Agreement…

New Fleet Management System Debuts at SMM 2012

September 4, 2012

Applied Weather Technology, Inc. (AWT) introduces its Fleet Decision Support System (FleetDSS). The new fleet management system is completely customizable, designed to improve efficiency and fleet safety while facilitating reductions in total voyage costs.

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