Mumbai - Transworld Shipping Lines has agreed to acquire a Supramax dry bulk carrier for US$16.5 million, marking a fresh move to expand and reshape its shipping fleet.
The company has signed an agreement to purchase the Saltwind Explorer, a 2011-built vessel with a carrying capacity of 55,648 deadweight tonnes (DWT). The Marshall Islands-flagged ship is equipped with four cargo cranes and operates in the international dry bulk market.
The acquisition represents Transworld’s return to the secondhand dry bulk vessel market following a series of ship disposals as . . .
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