Transworld Shipping Lines Signs MOA for Sale of M.V. SSL Mumbai to Avana Logistek Limited
Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has announced the execution of a Memorandum of Agreement (MOA) detailing the sale of one of its vessels. The agreement, signed on May 18, 2026, involves the sale of the M.V. SSL Mumbai to Avana Logistek Limited.The transaction pertains to the sale of the vessel owned by Transworld Shipping Lines Limited. The total consideration for the sale has been specified as US$ 3,500,000.
Key details of the agreement include the identification of the parties, the purpose of the sale, and significant terms. The transaction is noted as not being a related party transaction. A significant term stipulated in the MOA requires a notice period of one day prior to delivery.
The core details of the commercial agreement are presented below:
| Particulars | Details |
|---|---|
| Vessel Being Sold | M.V. SSL Mumbai |
| Buyer | Avana Logistek Limited |
| Transaction Purpose | Sale of the vessel |
| Consideration | US$ 3,500,000 |
| Significant Term | One Day prior to Delivery |
| Related Party Transaction Status | No |
TRANSWORLD Stock Price Movement
Today, TRANSWORLD SHIPPING LINES LIMITED shares gained momentum, climbing 10.86% to settle at ₹164.74 today. The stock experienced considerable interest, with a total traded volume of 38,976 shares recorded 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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