Buoyed by rising potential, more players enter dredging market

Mumbai: More local firms are entering the dredging sector to capitalize on the huge opportunity for deepening port channels to allow larger ships to call for carrying cargo. The latest to join the bandwagon is Mercator Lines Ltd, India’s second largest private shipping company by fleet size. The Mumbai-based firm is scouting the market for second-hand dredgers. “We are exploring the possibility of buying dredgers,” said Atul J. Agarwal, joint managing director, Mercator Lines.