Transworld Shipping Lines Signs MOA for Sale of Vessel M.V. SSL Bharat
Transworld Shipping Lines Limited, formerly Shreyas Shipping & Logistics Ltd, announced the signing of a Memorandum of Agreement (MOA) on May 5, 2026. The agreement pertains to the sale of one company-owned vessel to Avana Logistek Limited.Under the terms of the MOA, Transworld Shipping Lines Limited will sell the vessel, M.V. SSL Bharat. The sale to Avana Logistek Limited is set to realize a total consideration of US$ 4,800,000.
The transaction details specify that the purpose of the agreement is the sale of the vessel, which is owned by Transworld Shipping Lines Limited.
The key details of the agreement are as follows:
| Particulars | Details |
|---|---|
| Agreement Date | May 5, 2026 |
| Selling Party | Transworld Shipping Lines Limited |
| Buying Party | Avana Logistek Limited |
| Vessel Name | M.V. SSL Bharat |
| Sale Consideration | US$ 4,800,000 |
| Transfer Detail | One Day prior to Delivery |
For the sale, Transworld Shipping Lines Limited confirmed that the transaction is not classified as a related party transaction. Furthermore, the company noted that the parties involved are not related to the promoter or promoter group in any manner.
TRANSWORLD Stock Price Movement
On Tuesday, TRANSWORLD SHIPPING LINES LIMITED shares edged higher, settling at ₹169.03 after gaining 0.74% on a jump of ₹1.24. The stock finished trading with a robust volume of 11,773 shares.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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