Main Body
Transworld Shipping Lines Limited has executed a Memorandum of Agreement (MOA) on July 26, 2026, for the sale of its vessel M.V. SSL Visakhapatnam to Last Voyage DMCC or their guaranteed nominee.
Financial Details: The consideration for the vessel sale is US$ 3,080,300.30.
Date of Execution: The agreement was signed on July 26, 2026.
Parties Involved: Seller - Transworld Shipping Lines Limited; Buyer - Last Voyage DMCC or their guaranteed nominee.
Regulatory Approvals: The disclosure is made pursuant to Clause 5 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, amended on January 30, 2026.
Significant Terms: The sale will be completed upon delivery of the vessel. The transaction does not involve any shareholding relationship between the parties, and it is not a related party transaction. The company confirms the transaction is conducted at arm's length.
Relationship Details: There is no relationship between Last Voyage DMCC and the promoter/promoter group/group companies of Transworld Shipping Lines Limited.