Ship owning in its simplest terms is the having the ownership of a vessel or vessels or having a stake in them. An important part of the Ship Owning activity is ensuring that the owned vessels have all the necessary compliances and statutory certification as per International Rules. In addition, the criteria for local laws in the intended region of deployment is required to be complied with.
Transworld Group owns a fleet of vessels which are Indian and Panama flagged. The fleet consists of container vessels ranging in capacity from 700 TEUs to 5000 TEUs, handy size geared bulk carriers and the newly added Tanker vessels. The vessel fleet is classed with DNV-GL and NKK. The bulk carrier fleet is deployed in worldwide trading while the container fleet operates in West Africa, Middle East, Indian Sub-Continent, Southeast Asia and Far East. The Indian flagged container fleet is deployed on Indian coastal service under Shreyas Shipping Limited.
The Group has seen a rapid growth in its fleet size in recent years both in terms of numbers and vessel size. The Company owns 14 container vessels, 1 multi-purpose vessels, 9 bulk carriers, newly added 2 Tanker vessels, and is poised to further expand its fleet. The acquisition of new build tonnage has effectively reduced the average age of the fleet to under 15 years.