Mercator sells 2006-built VLCC

Kamakshi Prem, later renamed Nerissa, in 2014 Image: MarineTraffic.com/Gwenolé de KERMENGUY Kamakshi Prem, later renamed Nerissa, in 2014

Mumbai-based shipping company Mercator has sold a 333- by 60-metre VLCC to an unnamed buyer, the company said in an April 30 filing with the National Stock Exchange of India.

The 2006-built Nerissa has been sold for a total consideration of US$27.5 million, the proceeds of which are being used to reduce the company’s debt and other liabilities.

Mercator had originally acquired the VLCC from Taiwan’s TMT for US$170 million in 2008.

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