TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about Memorandum of Understanding/Agreements
TRANSWORLD · price
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Transworld Shipping Lines Limited has signed a Memorandum of Agreement (MOA) on 29th May 2026 for the sale of vessel M.V. SSL Thamirabarani to Avana Logistek Limited. The transaction is valued at US$ 5,700,000 (approximately Rs 47.5 crore at current exchange rates). The sale is not a related party transaction and the buyer is not connected to the promoter or promoter group. Delivery of the vessel will occur one day prior to final settlement. This is a disclosure under SEBI LODR Regulations.
The sale of the vessel reduces the company's fleet size by one ship. The proceeds of approximately US$ 5.7 million will provide liquidity but may slightly reduce future revenue-generating capacity. Given this is a single vessel sale, the impact on the stock is expected to be neutral to marginally negative.