Mercator looks to split dredging from core shipping business

Mercator looks to split dredging from core shipping business

Private Indian shipowner Mercator is looking at splitting its shipping and dredging businesses into separate entities.

The company said the move “would facilitate value discovery, creation of focus entities with identified business objectives and opportunities to independently augment their growth plans”.

Earlier this month, The Times of India had reported that Mercator was in talks with Canadian billionaire Prem Watsa’s Fairfax Group and Dutch dredging company Van Oord to bid for a controlling stake in Dredging Corporation of India.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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