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An announcement from Transworld Shipping Lines Ltd ( (IN:TRANSWORLD) ) is now available.
Transworld Shipping Lines Limited has disclosed that the Gujarat High Court in Ahmedabad has issued an arrest order on its vessel SSL Visakhapatnam in connection with an admiralty suit filed by Kishan Minerals. The plaintiff has alleged misdelivery of cargo without the presentation of the original bill of lading, and the court has ordered the company to deposit INR 7.44 crore as security, creating a quantified potential financial impact while the matter remains pending adjudication.
More about Transworld Shipping Lines Ltd
Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, operates in the shipping and logistics industry, providing maritime transport services through its fleet of vessels. The company is listed on both the BSE and NSE in India and serves cargo owners and traders, focusing on containerized and bulk cargo movements across domestic and international routes.
Average Trading Volume: 1,753
Technical Sentiment Signal: Sell
Current Market Cap: 3.84B INR
Learn more about TRANSWORLD stock on TipRanks’ Stock Analysis page.