Mercator Lines arm to charter vessel from Refined Success Ltd

The Board of Directors of Mercator Lines (Singapore) Ltd wishes to announced that the Company has entered into a firm negotiation with Refined Success Ltd which is a subsidiary of PRC shipping conglomerate COSCO (HK) Shipping Co., for the time charter-out of Geastiniono TBN — a gearless post panamax vessel of approximately 92,500 DWT.