Transworld Shipping Lines Limited (formerly Shreyas Shipping and Logistics Limited) has entered into a Memorandum of Agreement (MoA) for the sale of one of its vessels, M.V. SSL Godavari, to Avana Logistek Limited.
The agreement, signed on April 14, 2026, entails a total consideration of US$ 19.6 million (approximately ₹163 crore). The transaction is part of the company’s ongoing efforts to optimize its fleet and capital allocation.
The delivery of the vessel is expected to be completed shortly, in line with the agreed terms.
Image: Transworld.com