Transworld Shipping Lines Limited
Vessel Sale Agreement with Avana Logistek Limited
Transworld Shipping Lines Limited (formerly known as Shreyas Shipping and Logistics Limited) has entered into a Memorandum of Agreement (MOA) dated 07th August 2026 for the sale of its vessel M.V. SSL Brahmaputra to Avana Logistek Limited.
Main Body:
The company is selling one vessel, M.V. SSL Brahmaputra, which it owns, to Avana Logistek Limited for a consideration of US$ 11,400,000. The agreement was executed on 07th August 2026. The transaction does not involve any shareholding relationship between the parties, and the buyer is not related to the promoter/promoter group/group companies of Transworld Shipping Lines Limited. The transaction is not classified as a related party transaction and is conducted at arm's length. The significant term of the agreement specifies that delivery will occur one day prior to the actual handover.
Other Key Announcements:
There are no additional material announcements or disclosures unrelated to the vessel sale in this document.