Transworld Shipping Lines Signs MOA for Sale of M.V. SSL Godavari to Avana Logistek Limited
Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has signed a Memorandum of Agreement (MOA) on April 14, 2026, for the sale of one of its vessels. The agreement involves the sale of M.V. SSL Godavari to Avana Logistek Limited.The transaction details confirm that Transworld Shipping Lines Limited is divesting the vessel to Avana Logistek Limited. The sale consideration for M.V. SSL Godavari is set at US$ 19,600,000.
The core transaction details for the sale agreement are as follows:
| Particulars | Details |
|---|---|
| Seller | Transworld Shipping Lines Limited (formerly Shreyas Shipping and Logistics Limited) |
| Buyer | Avana Logistek Limited |
| Vessel Sold | M.V. SSL Godavari |
| Sale Consideration | US$ 19,600,000 |
| Key Term | One Day prior to Delivery |
According to the details provided, the parties involved in the MOA are neither related to the promoter or promoter group in any manner, and the transaction does not fall within the category of related party transactions. The company confirmed that the transaction does not involve the issuance of shares.
TRANSWORLD Stock Price Movement
On Monday, Transworld Shipping Lines Limited shares edged higher, closing at ₹143.73, marking a 0.60% gain. The stock traded on a volume of 28,404 shares, establishing a range between ₹140.25 and ₹150.35 during the session.Source:
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