Last Price Today's Change   Day's Range   Trading Volume
0.019   0.00 (0.00%)  0.00 - 0.00  0


Avg Volume (4 weeks):0
Average Price Target: 0.28
Price Target Upside/Downside: +0.261


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Business Background

Mercator Lines (Singapore) Limited is engaged in chartering of maritime vessels (bulk carriers) to customers on short-term and long-term contracts and the provision of marine transportation services. The Company provides to customers dry bulk marine vessels on time charter or contracts of affreightment. It engages in a mix of short term and long term contracts. The products carried are coal and iron ore. As of June 1, 2011, the Company operated a fleet of 17 dry bulk vessels, 14 owned and three chartered in comprising six geared and six gearless Panamaxes/Kamsarmaxes, four Post Panamaxes and a Very Large Ore Carrier (VLOC) with an aggregate capacity of around 1.5 million deadweight tonnage (dwt). As of June 1, 2011, the Company owned vessels included Prem Veena, Prem Aparna, Prem Varsha, Gaurav Prem, Garv Prem, Prem Vidya, Garima Prem, Kanak Prem, Kalpana Prem and Gauri Prem. In November 2010, the Company incorporated a wholly owned subsidiary, Chitra Prem Pte. Ltd., in Singapore.

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