Mercator to expand in dredging, bulk and tanker segments.
Mercator Lines is planning to increase its presence in a number of new markets including the bulk, tanker and dredging segments. Reports from India say Mercator Lines Ltd plans to expand in the dredging, bulk and tanker segments in the next 12-18 months. Expansion in its coal mining capacity is also on the cards.
?We are trying to increase our presence in the other industries, the idea is in the next three to four years, our income from the other segments should be more than the shipping segment. But the shipping segment is also increasing. It will also depend on the kind of contracts that we sign. If contracts increase, our investments will also increase,? said HK Mittal, executive chairman, Mercator Lines.