MGI developed Mercantile Shipping Lines Ltd in 1994 as an inland water transport line having 24 vessels in its fleet. Of these, 3 are oil tankers with capacity 1000 to 2000 MT and the remaining 21 are cargo ships having a capacity of 1000 MT and 2500 MT. The whole fleet is engaged in transporting commodities of MGI from sea port to its factory at MeghnaGhat, Narayanganj and the finished products to various riverine destinations of the country