Mercator Lines

Mercator International Pte, subsidiary of Mercator, has received approval from Singapore Exchange for divestment of its entire stake in Mercator Lines (Singapore).

Mercator India to exit Singapore based subsidiary: Sources

Following a string of losses and a run-in with lenders, Mercator Ltd has decided to exit its Singapore subsidiary, sources have told CNBC-TV18.

Iran deal to help if insurance sanctions lifted: Mercator

According to Atul Agarwal, softening of oil prices will be good for the industry. However, the deal will help only if Europe lifts its sanctions against insurance and banking facilities on shipping crude from Iran to India, he adds.

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.

Fall in baltic dry index worrisome for shipping cos

The Baltic Dry Index (BDI), a measure of costs for major shipping commodities on Friday fell to its lowest level in more than 25 years as sluggish demand prompted ship owners to not deploy vessels

Bull's Eye: Trading ideas for the day

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Mercator Lines completes acquisition; stock rises

Mercator Lines has completed acquisition of 50% stake in Indonesia based coal mine company, reports CNBC-TV18. It touched an intraday high of Rs 24.90 and an intraday low of Rs 24.65. At 09:33 hrs the share was quoting at Rs 24.85, up Rs 0.70, or 2.90%.

Power Min says changes in bidding docs in the offing

A senior Union Power Ministry official today said the government is considering changes in the standard bidding documents for awarding power projects in future, but ruled out any modifications in the existing contracts.

Mercator eyes Indonesia mine buy, overseas IPO for unit

Mercator Lines Ltd, India's second largest private shipping firm, expects to acquire a coal mine in Indonesia in the next one week for around USD 30 million and plans to list its coal division overseas, a top official said.

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.

Hold Mercator Lines: Vijay Chopra

Vijay Chopra of Fullerton Securities and Wealth advises to hold Mercator Lines.

Mercator Lines sinks nearly 7%

Mercator Lines touched an intraday high of Rs 25.25 and an intraday low of Rs 22.85. At 10:36 hrs the share was quoting at Rs 23.25, down Rs 1.70, or 6.81%.

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.

Mercator Lines Q1 net profit down at Rs 14.7 cr

Mercator Lines has announced its first quarter results. The company's Q1 net profit was down at Rs 14.7 crore versus Rs 62 crore.

Hold Mercator Lines: Kunal Saraogi

Kunal Saraogi of Equityrush advised holding Mercator Lines.

Mercator Lines to launch IPO of coal division by year-end

Mercator Lines is planning to launch an initial public offer (IPO) of coal division by year-end, said the company’s Joint MD Atul Agarwal in an interview to CNBC-TV18.

Mercator Lines plans IPO of coal mining unit

One of India's largest shipping company Mercator Lines has planned to launch initial public offering (IPO) of its coal mining unit, reports CNBC-TV18 quoting DowJoneswire.

KS Oils, Renuka Sugars, Mercator Lines see long positions

Long positions were seen in KS Oils, Shree Renuka Sugars, Mercator Lines, Welspun Corp and CESC.

Mercator Lines plans to raise $150 mn; stock up

Mercator Lines is planning to raise USD 150 million via IPO of Coal Mining Unit, reports CNBC-TV18, quoting DowJones. It touched an intraday high of Rs 39.95 and an intraday low of Rs 38. At 13:05 hrs the share was quoting at Rs 39.95, up Rs 2.35, or 6.25%.

Mercator Lines advances 4.4%

Mercator Lines touched an intraday high of Rs 41.35 and an intraday low of Rs 39.30. At 14:30 hrs the share was quoting at Rs 41.15, up Rs 1.75, or 4.44%.

Mercator Lines FY11 cons PAT down 11% at Rs 47 cr

Mercator Lines has annouced its FY11 consolidated results. The company's revenues were up 52% at Rs 2807 crore versus Rs 1844 crore.

Kotak Mahindra MF picks oil & gas, cement; sells telecom

Kotak Mahindra Mutual Fund has enhanced its coverage in oil & gas, cement & construction and engineering & capital goods sector. However, it reduced its exposure in information technology, telecom and automotive sector.

Mercator Lines to demerge, list coal mining biz; stock up

Mercator Lines touched an intraday high of Rs 40.50 and an intraday low of Rs 38.30. At 14:02 hrs the share was quoting at Rs 40, up Rs 1.60, or 4.17%.

Bear of the Day: Stock that rose 24% in 3 days

Essar Shipping Ports & Logistics gained 2.80% or Rs 2.50 to end at Rs 91.85 on the BSE. It touched an intraday high of Rs 98.25 and an intraday low of Rs 90. There were pending sell orders of 447 shares, with no buyers available. The total traded volumes were of 766,860 shares. However, it rose 24.29% in last 3 days.

CREDIT SUISSE sells 17.46 Lk shares of Mercator Lines

On February 24, 2011 CREDIT SUISSE FIRST BOSTON (SINGAPORE) LIMITED sold 1,746,125 shares of Mercator Lines at Rs 34.51 on the NSE. Yesterday the share closed at Rs 34.40.