Mercator expects interest cost easing to aid nos this year

In terms of business, Patwardhan says the company‘s coal volumes were flat in FY13. However, he expects FY14 volumes to be 'substantially better' than FY13.

Expect operational performance to improve in Q4: Mercator

Shipping firm Mercator Ltd reported a consolidated net loss of Rs 340 crore for the quarter ended December 31, 2012. The reasons for the loss as told to CNBC-TV18 by Prasad Patwardhan, CFO of the company was the subsidiary in Singapore.

Mercator Lines to pre-pay loan, not default: Management

Atul Agarwal, joint managing director of Mercator Lines joins CNBC-TV18 to clear the air of rumours of the company defaulting in its loan repayment. "We might, in fact, pre-pay the loan in the next three months," he says.

Offshore biz will perform better next year: Mercator Lines

In an interview to CNBC-TV18, Atul Agarwal, Joint MD, Mercator Lines said, shipping continues to remain a challenge. The contribution from shipping, he said, is only 32%. He further said, the offshore division will perform better in the next year.