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The latest update is out from Transworld Shipping Lines Ltd ( (IN:TRANSWORLD) ).
Transworld Shipping Lines Limited has disclosed that the Gujarat High Court in Ahmedabad has issued a release order permitting its vessel SSL Visakhapatnam to sail from Hazira port, following an admiralty suit involving allegations of misdelivery of cargo without presentation of the original bill of lading. In connection with the case, the court had directed the deposit of security, and the company has quantified the financial impact of the matter at about INR 7.5 crore, including legal and related costs, highlighting a material but contained operational and financial exposure arising from the dispute.
More about Transworld Shipping Lines Ltd
Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, operates in the maritime shipping and logistics industry, providing container shipping and related logistics services. The company is headquartered in Navi Mumbai and is listed on both BSE and NSE under the symbol TRANSWORLD, with a focus on coastal and regional shipping operations in India and surrounding markets.
Average Trading Volume: 1,815
Technical Sentiment Signal: Sell
Current Market Cap: 3.66B INR
Learn more about TRANSWORLD stock on TipRanks’ Stock Analysis page.