Transworld Shipping Lines Expands UAE Presence with Bainbridge Joint Venture
Transworld Shipping Lines has formed a joint venture with Bainbridge Navigation DMCC in the UAE. The company will hold a 60% stake in the new entity, investing up to INR 75.00 lakhs. The venture aims to establish a shipping pool company for the Handysize vessel segment, focusing on consolidating operations and enhancing efficiency in the dry bulk shipping market. The partnership includes an eight-year business plan and governance provisions such as equal board representation and a one-year lock-in period for shareholding transfers.
27May 25
Transworld Shipping Lines Announces ₹1.5 Per Share Dividend
Transworld Shipping Lines, also known as Shreyas Shipping and Logistics, has announced a dividend of ₹1.5 per equity share. The company's board has recommended this dividend, signaling a return of value to its shareholders. The ex-dividend date and payment date have not been specified in the announcement.