Transworld Shipping Lines Sells Vessel M.V. SSL Visakhapatnam for US$ 3,080,300.30
Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has executed a Memorandum of Agreement (MOA) for the sale of one vessel, M.V. SSL Visakhapatnam. The agreement was finalized on July 26, 2026.The company entered into the MOA with Last Voyage DMCC or their guaranteed nominee. The purpose of this transaction is the sale of the vessel, which Transworld Shipping Lines Limited owns. The agreed consideration for the asset is US$ 3,080,300.30.
The terms related to the agreement were structured such that certain provisions would apply upon Delivery of the Vessel. The company confirmed that neither party holds a shareholding in the other entity, and the transaction does not constitute a related party transaction.
Key details of the vessel sale are presented below:
| Particulars | Details |
|---|---|
| Vessel Name | M.V. SSL Visakhapatnam |
| Buyer Entity | Last Voyage DMCC or their guaranteed nominee |
| Sale Price | US$ 3,080,300.30 |
| Transaction Status | Sale of the vessel for consideration |
TRANSWORLD Stock Price Movement
On Friday, shares of TRANSWORLD SHIPPING LINES LIMITED edged higher to settle at ₹158.86, having gained 0.08%. The stock traded with a volume of 10,956 shares and experienced intraday volatility, touching a high of ₹161.99 against a low of ₹154.15.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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