Transworld Group, one of the leading Global Shipping & Logistics Conglomerate, has further strengthened its overall fleet by adding large size bulk carrier – TBC Praise (36,699 DWT) . With the latest addition, Transworld is making a strong presence in the bulk carrier business with the latest acquisition coming close on the heels of 2 acquisitions of Bulk carriers TBC Passion and TBC Prime, with all 3 acquisitions done in 2021.
Mr. Ramesh S. Ramakrishnan, Chairman, Transworld Group highlighted that this new addition to the fleet will further enhance Transworld’s 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 in the present and coming years.
Mr. Ritesh S. Ramakrishnan, Joint Managing Director, Transworld shared vision for Transworld by informing that all the major Capex investments of Transworld in 2021 are a result of the company’s strong belief in the bulk carrier markets and expects the company to emerge as a strong global player in this time tested segment. He further added that Transworld is keeping a close eye on the S&P markets and look forward to welcoming more additions in the already strong overall fleet of 26 vessels including 7 Dry Bulk carriers.
Transworld in recent times, are on acquisition spree and deploying their recent additions 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. With expertise that covers a complete range of solutions from Ship Owning to Project Logistics to Air Chartering to Agency to Cold Chain to 3PL/4PL, etc. and with offices spread across the world in UAE, USA, Saudi Arabia, Oman, Qatar, Kuwait, Sri Lanka, Hong Kong, Singapore, China, and offices in 28 Indian cities Transworld continues to offer dynamic shipping and logistics services.
