Transworld Shipping Lines Signs Agreement to Sell M.V. SSL Gujarat to Avana Logistek
Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Limited, has announced the signing of a Memorandum of Agreement (MOA) for the sale of one of its vessels. The agreement was executed on April 27, 2026.The transaction involves the sale of the vessel, M.V. SSL Gujarat. The acquiring party for the ship is Avana Logistek Limited.
The sale of the vessel is structured for a total consideration of US$ 3,500,000.
The key details of the transaction between the parties are summarized below:
| Particulars | Detail |
|---|---|
| Vessel Name | M.V. SSL Gujarat |
| Seller | Transworld Shipping Lines Limited |
| Buyer | Avana Logistek Limited |
| Transaction Type | Sale of Vessel |
| Consideration | US$ 3,500,000 |
| Significant Term | One Day prior to Delivery |
The MOA, signed on April 27, 2026, solidifies the transfer of the assets while outlining specific terms, including the buyer's name, the purpose of the sale, and the agreed-upon financial consideration.
TRANSWORLD Stock Price Movement
Today, TRANSWORLD SHIPPING LINES LIMITED shares edged higher to close at ₹176.07, gaining 1.16% in post-market trading. The equity saw a total traded volume of 10,251 shares during the session.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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