Transworld Shipping Lines Jumps 8% as Vessel SSL Sabarimalai Cleared to Sail

Mumbai, September 5, 2025: Transworld Shipping Lines Ltd (BSE: 520151, NSE: TRANSWORLD) shares closed at 8.07% to ₹270 during Friday’s trading session following the announcement by the company of the release of its ship, SSL Sabarimalai, by the Mercantile Marine Department (MMD), Kolkata. The shares fell 15% in the past year, 35% year-to-date, and rose 7.90% in the last month. The order of 29 August 2025 has allowed the ship to depart from Haldia port.

Transworld Shipping Lines Ltd (erstwhile Shreyas Shipping & Logistics Ltd), with a head office located in Navi Mumbai, is engaged in the shipping and logistics industry. It is listed on BSE and NSE with a share face value of ₹10.

Transworld Shipping Lines’ Vessel SSL Sabarimalai Cleared After 15-Day Downtime

Transworld Shipping Lines has notified the exchanges, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the release order for one of its ships. The Mercantile Marine Department (MMD), Kolkata, on August 29, 2025, issued Release Order No. MMDKOL/84/2023-MMDKOLKATA, through its Principal Officer for the vessel SSL Sabarimalai (IMO No. 9223899), after a re-inspection conducted on the same day.

The firm pointed out that the ship had been off-hire for 15 days, for which it incurred a loss of revenue. Yet, the operational and financial effect of the downtime is immaterial. The announcement was given on September 2, 2025, and the firm explained the cause of the delay as oversight and inadvertence since the release order was received on Friday, August 29, 2025.

Transworld Shipping Lines shares rose 8.07% to ₹270 following the release of its vessel SSL Sabarimalai by the Mercantile Marine Department, Kolkata. The ship had been off-hire for 15 days, though the operational and financial impact was minimal. The release allows the vessel to resume operations, underscoring the company’s continued activity in the shipping and logistics sector.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6ffb9f39-8935-490c-bb48-c8942c750d51.pdf

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