06 Jun 07 Mercator Lines wins new contract from Indian Oil

Leading shipping company, Mercator Lines has informed the stock exchanges that it has won a new order worth Rs. 200 crores from Indian Oil Corportaion (IOC). Mercator Lines will transport crude oil for Indian Oil corporation through the crude carriers that Mercator Lines possesses. Its ironical that IOC, which is a PSU, hasn’t awarded the crude transportation contract to shipping corporation of India (SCI)Ã‚Â which is a PSU and the market leader in the shipping sector.

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Mercator Lines buys new vessels (ships)

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