Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.1 million for the quarter as against a loss of USD 6.7 million in the corresponding period in the previous year. EBITDA at USD 3.6 million as against USD 3.4 million in Q1 FY 2014. The Company continues to enjoy a healthy EBITDA margin of 22%. Time Charter Equivalent (TCE) rate achieved at around USD 12,083 per day vs. average market rate of USD 6,304 per day in Q1 FY 2015, indicating a premium of 92%. The revenue for Q1 FY 2015 was at USD 16.5 million as against USD 13.9 million in Q1 FY 2014.