### **Company Background** Transworld Shipping Lines Limited, formerly known as Shreyas Shipping and Logistics Limited, officially rebranded on **September 23, 2024**, to align with its parent organization, **Transworld Group**. Founded in **1988**, the company has operated for over **37 years** as a key player in India’s coastal shipping and containerized logistics sector. It is the **Indian-flagged vessel-owning arm** of the Dubai-based Transworld Group, a global logistics and maritime conglomerate established in **1977**. The company is headquartered in **Navi Mumbai, India**, and operates under the leadership of **Execitive Chairman Mr. Ramakrishnan Sivaswamy Iyer**, while the group is driven strategically by **Managing Director Mr. Ritesh S. Ramakrishnan**. The Transworld Group maintains a global footprint with **over 15 offices** worldwide and employs more than **1,000 professionals**. --- ### **Fleet and Operations** As of 2025, Transworld Shipping Lines operates a fleet of **12 vessels**, comprising: - **10 container feeder vessels** with a combined capacity of **~22,000 TEUs** - **2 Handysize dry bulk carriers** with a total deadweight tonnage (DWT) of **69,402 MT** The vessels operate along **both the east and west coasts of India**, serving major and non-major ports including Mundra, Pipavav, Visakhapatnam, Paradip, Haldia, and the Andaman & Nicobar Islands. The company actively connects Indian ports to international transshipment hubs such as Jebel Ali, enhancing India's role in global maritime trade. #### **Revenue Model** - **Primary Revenue Source**: **Charter hire income** from long-term agreements. - Key Charterer: **Avana Logistek Limited** (a subsidiary of **Unifeeder**, in turn, part of **DP World**), under a **long-term framework charter agreement** effective since July 1, 2021. - The container vessels are optimally sized and priced for **coastal domestic trade**, while the dry bulk carriers are deployed globally. --- ### **Strategic Developments (2024–2025)** #### **Rebranding & Integration** - Rebranded from Shreyas Shipping to **Transworld Shipping Lines Ltd.** in late 2024 to unify the group’s global identity. - The move strengthens synergies, enhances brand equity, and supports future expansion under the Transworld Group umbrella. #### **Subsidiary Acquisitions** - In **2025**, the company acquired **100% equity** in: - **Transworld Integrated Logistek Pvt. Ltd.** - **Transworld Logistics Pvt. Ltd.** - These entities are now **wholly owned subsidiaries**, enabling expansion into **integrated logistics, port operations, landside logistics, and emerging markets**. #### **Joint Venture – Handysize Dry Bulk Pool** - Formed a **60% majority-owned JV** with **Bainbridge Navigation DMCC (Dubai)** to establish a **UAE-based shipping pool** focused on **Handysize dry bulk carriers**. - Objective: Improve **operational efficiency**, diversify charter mix (long-term, short-term, spot), and manage market volatility. #### **New Subsidiary in GIFT City** - Established **Transworld Sea-Connect IFSC Private Limited** in **GIFT City, Gujarat**, under the International Financial Services Centre Authority (IFSCA). - This entity will facilitate **international shipping operations** and support future vessel acquisitions with potential tax and regulatory advantages. --- ### **Parent Group – Transworld Group Ecosystem** Transworld Group is a diversified logistics conglomerate offering: - **Maritime Services**: Ship owning, management, coastal and feeder shipping. - **Logistics**: Freight forwarding, customs clearance, warehousing, project cargo, 3PL. - **Aviation**: Rebranded private jet services under **Transworld Jets** (merger of Airavat Aviation and Fly Sirius), with hubs in Dubai and New Delhi. - **Global Network**: Offices in UAE, India, USA, Singapore, and Hong Kong, with strong presence in key shipping lanes. The group continues to expand its footprint in **agro-logistics, food processing, and sustainable luxury air travel**, reinforcing its vision as an integrated global logistics leader.