Dubai’s Transworld Holdings has successfully privatized its subsidiary, Shreyas Shipping, removing it from two Indian stock exchanges. The move was aimed at providing Transworld with enhanced operational and financial control over its Indian liner subsidiary. Sivaswamy Ramakrishnan, the chairman of Transworld, expressed that this delisting could “fundamentally reposition” the company for future endeavors. In addition to its roots in the Indian coastal container trade, Shreyas Shipping has recently ventured into the dry bulk sector. 4-October-2023
Transworld Group’s dry bulk shipping arm Transworld Bulk Carriers (TBC) acquired handysize bulk carrier 36K DWT MV TBC Praise. MV TBC Praise is the third bulk carrier that Transworld Bulk Carriers (TBC) has acquired since the beginning of 2021. Previously, Dubai-based Transworld Bulk Carriers (TBC) acquired 2011 built handysize bulk carrier 38K DWT MV TBC Passion (ex MV Asahi Maru) from Yokoyama Kaiun and 2011 built handysize bulk carrier 38K DWT MV TBC Prime (ex MV Turquoise Ocean) from Santoku Senpaku. Chairman Ramesh Ramakrishnan-led Transworld Group’s dry bulk shipping arm Transworld Bulk Carriers (TBC) will further expand the dry bulk fleet. Transworld Bulk Carriers (TBC) is optimistic about the dry bulk market outlook. Currently, Transworld Bulk Carriers (TBC) owns and operates 19 container ships and 7 bulk carriers. 23-September-2021
Transworld Group’s dry bulk shipping arm Transworld Bulk Carriers (TBC) acquired 2011 built handysize bulk carrier 38K DWT MV TBC Passion (ex-Asahi Maru) for around $9 million from Japanese shipowner Yokoyama Kaiun. Furthermore, Transworld Group’s dry bulk shipping arm Transworld Bulk Carriers (TBC) acquired 2011 built handysize bulk carrier 38K DWT MV TBC Prime for around $10 million from Japanese shipowner Santoku Senpaku. Transworld Bulk Carriers (TBC) currently operates a fleet of geared handysize modern bulk carriers serving First Class Charterers (FCC) and has been growing in the handysize-supramax bulk carrier segments. Dubai-based Transworld Ship Management has been performing ship-management of Transworld Group’s dry bulk shipping arm Transworld Bulk Carriers (TBC). Transworld Group has also operates container ships. Currently, Chairman Ramesh Ramakrishnan-led Transworld Group controls a mixed fleet of 25 ships. 2-March-2021