Additional details on the intimation filed under Reg 30 of SEBI LODR on 02/09/2025.
TRANSWORLD · price
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Awaiting price reaction for this filing.
Transworld Shipping Lines has provided additional details about the release of its vessel SSL Sabarimalai (IMO No. 9223899) from detention by the Mercantile Marine Department (MMD), Kolkata. The vessel was released on 29th August 2025 after a re-inspection, following a release order dated 29-08-2025. The vessel had been off-hire for 15 days, leading to some loss of revenue, but the company states the financial impact is immaterial. The company also acknowledged a delay in disclosing the release order, as it was received on a Friday (29th August) but only filed on 2nd September (Tuesday).
Minor and immaterial for shareholders — the 15-day vessel off-hire caused a small revenue loss but the company considers it insignificant. The vessel is now back in operation, so there should be no lasting effect on earnings.