Transworld Group, the Global Shipping & Logistics Group, has further enhanced its presence in the bulk carrier business with the acquisition of a handysize, mv Asahi Maru (to be renamed as mv TBC Passion) from Japanese owners. This follows close on the heels of the very recent acquisition of mv Turquoise Ocean (since renamed mv TBC Prime), a modern 38k handysize bulker, also from Japanese owners. The Capex investments are a result of the company’s strong belief in the bulk carrier markets and specifically the smaller workhorse handies.
Earlier Transworld Group had acquired 3 new built handysize vessels from Chinese shipyards and deployed them on a world-wide trading pattern on long term charters as a part of its diversification strategy from feeder-container ships, a segment it has been present in for over 4 decades.
Historically a feeder vessel owner and operator, the company’s container vessel fleet has also grown exponentially in carrying capacity with the container fleet currently standing at 20 vessels of which 12 Indian flagged feeders are part of its Indian coastal services. With the latest acquisition of mv OEL Badrinath, a 5000 teu Panamax container vessel, the company has put its footprint on long haul sectors through leading main line operators.
With the 2 new acquisitions, the bulk handies fleet is now 5 strong and as Transworld keeps a close eye on the S&P markets for further opportunities, we expect the company to emerge as a strong global player in this time-tested segment.
The total fleet of Transworld Group now stands at 25 vessels.
Mr. Ramesh S. Ramakrishnan, Chairman, Transworld Group mentioned that this new addition to the fleet will further entrench our Global footprint of Ship Owning in the Dry Bulk/ Container segment and deployment, which is a result of strong fundamentals and confidence in the growth of Shipping and Logistics sector.
Transworld Group is a Global Shipping & Logistics Group, operating through the strong network of more than 40 own offices worldwide, with over 1000+ experienced professionals. Established in 1977 and headquartered in the Jebel Ali Free Zone (Dubai, UAE), with its global offices combined with strong network partners around the world, Transworld offers a one-stop solution with over four decades of expertise and is a reliable partner for corporations seeking world-class logistics and associated services. The activities of the group include: Ship Owning & Management (Container, MPP & Bulk Carriers), Supply Chain Management, Warehousing, Road Transportation, Air Freight, Freight Forwarding, Feeder Services, Liner and Shipping Agencies (Container, Bulk, Tankers, Break Bulk, Project Cargo etc.).
