Transworld Shipping Lines Approves US$42.78 Million Acquisition Of Two Container Vessels

Board approved acquisition of vessels OEL SURYA for USD 22.03m and OEL VARUN for USD 20.75m through wholly owned subsidiary, subject to shareholder and other approvals. Marks a shift from recent vessel disposals to fleet renewal through acquisitions, reversing the company's recent buy/sell cycle. Transactions are related-party deals with common ultimate ownership, stated to be arm's length; funding, delivery timelines and vessel economics were not disclosed.