Mercator Limited Disposes of Tanker Oldie

tankerllustration. Image Courtesy: Pexels under CC0 Creative Commons license

As part of its strategic plan, India-based company Mercator Limited has decided to sell one of its vessels, Vedika Prem. 

The MR2 tanker has been sold for a total consideration of Rs 28.54 Crore (around USD 4.1 million) to an undisclosed buyer.

As informed, the proceeds would be used to meet the company’s debt obligation/liabilities.

Built at Minami Nippon shipyard in Japan in 1993, Vedika Prom has a capacity of 51,619 cbm.

The 42,200 dwt tanker, previously known as Dynamic Express, had been purchased by Mercator from MOL back in 2010.

According to data provided by VesselsValue, the ship is heading to Chittagong, Bangladesh, for demolition.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >