About Mercator Limited
The Company was Incorporated on 24th November, as a private limited company and was converted into a public limited company
on 3rd April 1984. The company's object is Owning and Operating ships. Initially it was promoted by T.V. Ramachandran and the
entire shareholding was acquired by Mr. H.K. Mittal and Smt. Archana Mittal.
- A mini-bulk carrier M.V. Sundari of 900 DWT was acquired in 1984 to ply on the Indian coast with the shipping Development Fund
Committee Loan assistance. Over a period of 7-8 years, the company acquired further 3 more vessels for operations. At
present there are 4 vessels which includes 2 tankers and 2 cargo cum bulk carrier.
Mumbai-based Mercator Ltd has not paid salaries to about 350 crew members on board its dredgers and tankers for March and April, the first sign of financial stress in what was once India’s second biggest private shipping company.
The firm owes ₹1,288 crore to lenders, according to a February 13 investor presentation on its website. It reported a loss of ₹529 crore for the first nine months of FY19.
Mercator SHipping Vacancies
Tanker, FSO, Bulk Carrier, Dredger:
Master, C/O, 2/O, 3/O
C/E, 2/E, 3/E, 4/E, E/E