Transworld Shipping Lines has agreed to acquire a Supramax dry bulk carrier for US$16.5 million, marking a fresh move to expand and reshape its shipping fleet.
The company has signed an agreement to purchase the Saltwind Explorer, a 2011-built vessel with a carrying capacity of 55,648 deadweight tonnes (DWT). The Marshall Islands-flagged ship is equipped with four cargo cranes and operates in the international dry bulk market.
The acquisition represents Transworld’s return to the secondhand dry bulk vessel market following a series of ship disposals as part of its fleet restructuring strategy. The company has not disclosed the financing arrangements or the expected completion date of the purchase.
In September 2026, Transworld agreed to sell its 35,152-DWT vessel TBC Kailash to Mandarine Ocean for US$9.25 million. Earlier, it also sold container vessels, including the 4,250-TEU SSL Brahmaputra to Avana Logistek for US$11.4 million.
The latest acquisition signals a shift towards strengthening the company’s dry bulk shipping operations while streamlining its existing fleet. Supramax vessels are commonly deployed to transport commodities such as grains, coal, fertilisers and minerals, with onboard cranes allowing them to serve ports with limited cargo-handling infrastructure.
Transworld Shipping Lines, formerly known as Shreyas Shipping and Logistics, is part of the Transworld Group, an India-based shipping and logistics group. The company retains its shipowning and dry bulk businesses following the transfer of its Indian coastal and feeder shipping operations to DP World-controlled Unifeeder in 2021.
The purchase of the Saltwind Explorer is expected to support Transworld’s presence in the dry bulk segment as the company continues to adjust its fleet composition and pursue opportunities in international shipping markets.