We are a leading Indian-owned international dry bulk shipping company focused on India and other high growth markets, such as Indonesia and China. We have established a strong market presence in the transportation of coal into India having rapidly grown our young and modern fleet, with repeat business from reputable customers.----Together with our ultimate parent company, Mercator India ("ML India"), we offer full logistics solutions to our customers from load port to the point of usage in India.----We service primarily large thermal-based power plants and steel companies directly. We maintain a portion of our fleet on long term contracts, the tenor of which is anywhere upwards 11 months. We believe that these fixed rate contracts provide us with relative stability in our revenues and cash flows. Depending on market conditions, we may deploy a portion of our fleet on the spot market. We believe that this will provide us with the flexibility to take advantage of periods of higher spot market pricing which may improve our profit margins. We currently focus on transportation of dry bulk commodities like Coal and Iron ore. We closely monitor the dry bulk shipping market and, based on market conditions, plan the chartering strategy and contract mix accordingly. From time to time, we also charter-in vessels on both short term and long term basis from third parties to service our contracts. We endeavour to maximise returns by having a balanced chartering philosophy depending on market conditions.--Our Competitive Strengths--A deep understanding of our markets;--A modern and versatile fleet;--Strong relationships with reputable customers;--Strong support from ML India;--Ability to operate as a customized solutions provider;--Niche operator of Geared Panamax vessels;--An experienced team and dedicated technical management company;
