September 08, 2008

Mercator Lines inks USD 320 million contract with TATA Power

Mercator Lines Singapore Limited has announced that it signed a new 4 year contract worth USD 320 million with TATA Power Company, boosting rates to carry coal.

Mercator Lines said that the two companies renegotiated an existing contract. It added that the contract is between June 2008 and May 2012.