Mercator sells elderly MR tanker

Mercator sells elderly MR tanker

Indian owner Mercator has announced the sale of its 1993-built MR2 tanker Vedika Prem.

The vessel was sold for Rs28.54 crore ($4.1m) and it is believed it will be scrapped in Bangladesh.

Mercator will use the proceeds from the sale, which reduces its fleet to five vessels, to meet its debt obligations.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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