Search results for: meercat

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  • 14 May 2014
    Business & Finance

    Meercat Workboats has reported that the latest Meercat to leave their facility is currently en route to Dammam (Saudi Arabia). With the mothership recently launched, Zamil Offshore eagerly await their new meercat’s arrival. She will immediately begin work with her mothership carrying out dive support in shallow water operations in and around Dammam and the […]

  • 11 September 2014
    Business & Finance

    Britain’s largest independent ship repairer, Burgess Marine, has successfully acquired 100% of the share capital in Meercat Workboats Ltd. Meercat, based in Portchester, currently builds custom road transportable multi-role workboats up to 18m in length; with plans to expand into both Class approved vessels and aluminium wind farm support vessels the company has appointed Mr […]

  • 15 July 2015

    A specialist dive support vessel built by UK-based Meercat Workboats has been launched at Portsmouth Naval Base. Meercat, which is based at Trafalgar Wharf in Portchester, near Portsmouth, completed the dive boat for BAE Systems Ltd with funding from the Ministry of Defence. Specialist divers from BAE Systems will use the bespoke 15-metre craft at […]

  • 17 April 2015
    Project & Tenders

    UK based boatbuilder Meercat Workboats has won a new order from global defence, aerospace and security company BAE Systems for a bespoke 15m dive support vessel. The company plans to complete the boat by the end of May. It will be used in Portsmouth Dockyard for subsea maintenance, repairs and inspections on Royal Naval vessels […]

  • 17 October 2012

    Construction has already started on new 18m x 8m Meercat Workboat which is available now to purchase. The new vessel is scheduled for delivery in January 2013. With its increased moulded depth, twin Doosan 285HP engines and 40 tonne/metre marine crane, this new Meercat is still road-transportable and has a strong clear deck with a capacity […]

  • 15 May 2015
    Business & Finance, Equipment, Technology, Vessels

    Engineering Class ‘Telford Rolt’, a new 6.17 meter, 6.25 tonne tug, was launched into the River Soar at Loughborough this month with a naming ceremony performed by Charlotte Wood, Regional Construction Manager South at Canal & River Trust, a major customer of Land & Water Services Ltd. Designed by Ian Darley, a naval architect and […]

  • 26 June 2018
    Equipment

    Sustainable Marine Energy’s (SME) PLAT-I tidal energy platform hosting four Schottel Hydro SIT 250 turbines has completed the first phase of its testing programme at Connel, on the West coast of Scotland. The company is now preparing to ship the platform to Nova Scotia and install it for a second phase of testing. Having proven […]

  • 25 June 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    UK marine engineering company Sustainable Marine Energy (SME) is preparing to ship the PLAT-I tidal energy platform from Connel in Western Scotland, to Grand Passage in Nova Scotia, where it will be put to the second round of sea trials.

  • 25 June 2015
    Business & Finance, Equipment, Technology, Vessels

    Mercator Limited, an Indian marine and energy group, is expanding their dredging business by adding two more dredgers to its fleet.  Mercator has taken delivery of two European built dredgers; the first one is a trailer suction hopper dredger which will be one of the largest capacity dredgers in India, and the second one is a […]

  • 28 January 2019
    Business & Finance

    Mercator, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, said in its latest release that the Dredging Corporation of India (DCI) had filed an appeal before the courts in London against the arbitration awards of approx. $7 million payable to Mercator by DCI.  On 25 January 2019, the appeals filed by DCI have been dismissed with […]

  • 6 August 2018
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has won a contract for the Goa Naval Area maintenance dredging works. The contract, worth $3.85 million, will be conducted in the 2018-20 period. According to a Mercator’s official statement, about 50% of the project will be executed in […]

  • 16 November 2011
    Business & Finance

    Mercator Lines Limited announced its financial results for half year ended 30th Sept 2011 (FY12).The total consolidated income for HI FY12 was Rs. 1,584 Cr. against Rs. 1,268 Cr. for the HI FY11 ended on 30th Sept 2010 recording an increase of 25% on YOY basis. The consolidated Net Profit was Rs. 21.4 Cr. Dredging: […]

  • 28 January 2013
    Business & Finance

    Mercator Ltd has informed BSE that the Company has secured 2 new orders from Paradip Port Trust for Maintenance Dredging of the Approach and Extended Approach Channel to be executed over a period of 3 years aggregating to Rs. 210 cr approx, reports moneycontrol.com. Mercator group has diversified business interests in coal, oil & gas, […]

  • 19 March 2013
    Business & Finance

    Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management. The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal, Target Ship ceased to be a subsidiary of the Mercator Lines. Mercator state that […]

  • 12 November 2015
    Business & Finance

    The financially troubled dry bulk shipping company Mercator Lines (Singapore) Limited has requested for the trading of its shares at the Singapore Exchange to be suspended after HSH Nordbank AG Singapore Branch, the company’s creditor, asked for an interim judicial manager to be appointed. Back in September, HSH Nordbank filed an application at the Singapore High Court for the […]

  • 21 May 2012

    DP World’s plan to bring bigger ships to India’s first international container transshipment terminal (ICTT) will be delayed by at least two years after the dredging contractor Mercator Ltd halted the channel dredging. According to the Livemint, Union government-controlled Cochin port served a notice to Mercator giving the Mumbai-based firm 14 days to resume work. […]

  • 31 March 2016
    Business & Finance

    Singapore-listed shipping company Mercator Lines (Singapore) Limited has reached an agreement to sell its MV Kalpana Prem bulk carrier for a price of USD 2.9 million. The 2000-built vessel was sold to an undisclosed buyer “on an arms-length basis”. The ship is secured to Mercator Lines’ major shareholder Mercator International Pte Ltd (MIPL), which has received approval from the Singapore Exchange to […]

  • 14 August 2017
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, is considering dividing its shipping and dredging business into two separate entities.  “On 12th August 2017, the Board of Directors of Mercator initiated a study to explore the possibility of demerger of business via restructuring of Shipping and Dredging business […]

  • 13 November 2015
    Business & Finance

    Indian-owned dry bulk specialist Mercator Lines (Singapore) Limited will not be run by an interim judicial manager as requested by the company’s creditor, the Singapore branch of HSH Nordbank AG. As World Maritime News reported yesterday, HSH Nordbank AG asked for an interim judicial manager to be appointed while the financially troubled company is undergoing restructuring. However, the […]

  • 10 February 2016
    Business & Finance

    India’s Mercator International Pct has entered into an agreement to sell 900.85 million shares of the group’s bulk shipping subsidiary Mercator Lines (Singapore) Ltd. The shares were sold to Bellerophon Holdings Pte, MIB Investment Private Limited and Wroclaw Holding Limited all from Singapore. Each company purchased 300 million of shares for one Singapore dollar each, totaling […]

  • 31 March 2014
    Business & Finance

    India’s Mercator has added two offshore blocks to its portfolio. The blocks are located in the shallow waters of Myanmar. Mercator Petroleum Ltd, a subsidiary of Mercator Limited, in consortium with Oil India Ltd., and Oilmax Energy Pvt. Ltd., has been chosen as the selected candidate by the Ministry of Energy of the Republic of […]

  • 1 February 2019
    Business & Finance

    Mercator Ltd. has started the arbitrations for claims arising out of wrongful deductions made by DCI from Invoices and damages arising out of the wrongful termination by DCI. It is clarified that the Tribunal has directed DCI to pay nearly 100% of the amounts they had wrongfully deducted from the Invoices, has held that the […]