Mercator acquires two additional dredgers

Shipping company Mercator has acquired two more dredgers to expand its dredging business, according to a filing to the Singapore Exchange (SGX) today.

One of the vessels is a trailer suction hopper dredger, while the second vessel is classified as a bucket ladder dredger. Both dredgers are scheduled for commission around the first week of September.

With the new additional vessels, Mercator’s fleet has grown to nine dredgers, making it the second-largest dredging company in India. Moreover, Mercator stated in the SGX that currently its dredger fleet has been deployed for long-term contracts.

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