– China – Indonesia. Mercator also provides its customers with shipping. The Group primarily services large thermal-based power plants and steel companies, and has established strong relationships with reputed end-user customers such as Vale, Tata Power, Arcelor Mittal Group, and COSCO to name a few. MLS presently controls an operating fleet of 18 vessels including a VLOC, which is the largest bulk carrier in India and Singapore. Coal & Logistics Mercator Ltd has been in business of Coal transportation & Logistics since 1995 & served many Thermal Power Station in India. Mercator Ltd entered into coal business in 2008 as backward integration. Coal business includes Coal Mining, Coal Trading, Handling & shipping Mercator Ltd acquired coal mines in Indonesia with substantial coal resources, as a measure of backward integration. Mercator also provides shipping in India. Oil & Gas Mercator first forayed into the Oil & Gas business in 2004, when it chartered a Floating Storage and Offloading (FSO) Unit to BG Group. Since then, the oil & gas division has seen a steady growth with the most recent achievement being the Sagar Samrat Conversion COMPANY Project for ONGC. Floating Storage and Offloading (FSO) Units and a Mobile Offshore Production Unit (MOPU) in Nigeria, the Oil & Gas vertical has proved itself as a strategic component of Mercator's philosophy of diversified growth. Company placed the order for a Jack Up Rig in November 2007 with Keppel FELLS Ltd which was delivered in 2009 & was immediately contracted to one of private sector shipping company in India. The Group has opted out of the Offshore Drilling segment wef March 2011 as strategic decision. Floating Production Unit (MOPU + FSO) In 2010, Mercator won a contract for Charter of a Floating Production Unit (FPU), which is a combination of a MOPU and an FSO, from Afren Plc., a UK listed Company, with worldwide operations in oil exploration. To execute this, Mercator provided Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services successfully at an oil field in Nigeria, with the services customized as per the requirements of the Charterer. This project was executed in 432 days, working around the clock and coordinating the project from various parts of the world. Mercator is currently operating the FPU at the Ebok field in Nigeria. Sagar Samrat On 17 November 2011, a consortium of Mercator and Gulf Piping Company, Abu Dhabi was awarded an EPC contract by