Divestment14 Apr 2026, 06:21 pm
Transworld Shipping Sells 'SSL Godavari' Vessel for US$19.6 Mn
AI Summary
Transworld Shipping Lines Ltd (formerly Shreyas Shipping and Logistics Limited) announced the signing of a Memorandum of Agreement (MOA) on April 14, 2026, for the sale of its vessel, M.V. SSL Godavari. The vessel is being sold to Avana Logistek Limited for a consideration of US$ 19,600,000. The company confirmed that this transaction is not a related party transaction and was executed at arm's length. The significant terms of the agreement include delivery one day prior to the transaction. This disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Transworld Shipping sold its vessel 'SSL Godavari'.
- The sale was to Avana Logistek Limited.
- Transaction value is US$ 19.6 million.
- The agreement was signed on April 14, 2026.
- The transaction is not a related party deal.