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IN BRIEF: Mercantile Ports subsidiary inks container facility deal

25th May 2023 11:54

Mercantile Ports & Logistics Ltd - Developer, owner and operator of ports and logistics facilities in India - Says subsidiary Karanja Terminal & Logistics Private Ltd signs five-year deal with Lucky Marine Shipping & Logistics PVT Ltd for the handling of containers at its Karanja facility. Lucky Marine will deliver volumes of at least 1,000 twenty-foot equivalent units per month, with operations starting in the next few weeks. Says Karanja will provide container services, which includes handling, transportation, storage and warehousing to Lucky Marine.

Current stock price: 4.26 pence, up 8.7%

12-month change: down 80%

By Sabrina Penty, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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