Transworld Shipping Sells Vessel in Agreement with Avana Logistek for US$ 11.4 Million
Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has signed a Memorandum of Agreement (MOA) finalizing the sale of one vessel to Avana Logistek Limited. The agreement was executed on August 7, 2026.The transaction involves the sale of M.V. SSL Brahmaputra, a vessel owned by Transworld Shipping Lines Limited. The agreed consideration for the sale is US$ 11,400,000.
Details regarding the agreement and the parties involved are as follows:
| Particulars | Details |
|---|---|
| Buyer Name | Avana Logistek Limited |
| Asset Sold | M.V. SSL Brahmaputra |
| Consideration | US$ 11,400,000 |
| Key Term | Special right granted One Day prior to Delivery |
The agreement confirmed that there is no related party relationship between the parties involved in the transaction. The sale of the vessel by Transworld Shipping Lines Limited, which was previously Shreyas Shipping and Logistics Limited, marks this operational update for the shipping company.
TRANSWORLD Stock Price Movement
On Friday, shares of TRANSWORLD SHIPPING LINES LIMITED rallied, settling at ₹166.00 after the stock gained 4.15%. The equity saw significant trading activity during the session, with 30,082 shares exchanged.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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