Transworld Group, the Global Shipping & Logistics Group, has in addition more desirable its presence withinside the bulk provider commercial enterprise with the purchase of a handysize, MV Asahi Maru (to be renamed as mv TBC Passion) from Japanese owners. This follows near at the heels of the very latest acquisition of MV Turquoise Ocean (considering that renamed mv TBC Prime), a present day 38k handysize bulker, additionally from Japanese owners. The Capex investments are a end result of the organization’s sturdy perception withinside the bulk provider markets and particularly the smaller workhorse handies.
With the two new acquisitions, the majority handies fleet is now five sturdy and as Transworld maintains a near eye at the S&P markets for in addition opportunities, the organization expects the organization to grow to be a sturdy international participant in this time-tested phase.
Earlier Transworld Group had received three new constructed handysize vessels from Chinese shipyards and deployed them on a world-huge buying and selling sample on long time charters as part of its diversification method from feeder-box ships, a phase it’s been found in for over 4 decades.
On this occasion, Mr. Ramesh S. Ramakrishnan, Chairman, Transworld Group stated that this new addition to the fleet will in addition entrench our Global footprint of Ship Owning withinside the Dry Bulk/ Container phase and deployment, that is a end result of sturdy basics and self belief withinside the increase of Shipping and Logistics sector.
Historically a feeder vessel proprietor and operator, the organization’s box vessel fleet has additionally grown exponentially in wearing ability with the box fleet presently status at 20 vessels of which 12 Indian flagged feeders are a part of its Indian coastal services. With the state-of-the-art acquisition of mv OEL Badrinath, a 5000 teu Panamax box vessel, the organization has positioned its footprint on lengthy haul sectors via main principal line operators. With the creation of the 5 bulkers, the full fleet of Transworld Group now stands at 25 vessels.