Shipping company Mercator has acquired two more dredgers to expand its dredging business, according to its filing to the Singapore Exchange (SGX) on 25 June.
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.
The company believes the acquisition will helps to enhance the company’s capacity and capability to serve coastal dredging activities at major and minor ports of India as well as in the Indian Navy.