India’s Mercator Group has shifted its focus away from shipowning towards energy production and trading as the dynamics of international shipping change.
The Mumbai-based outfit, which began its shipping journey in 1988 when executive chairman Harish K Mittal acquired Mercator Lines from its earlier owner, Taro Ramchandani, has in the past seven years diversified into oil-and-gas exploration and production (E&P), coal mining, offshore fabrication projects and dredging.
