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Transworld Shipping Lines executes JV agreement with Bainbridge Navigation DMCC
Sep-18-2026

Transworld Shipping Lines has executed a Joint Venture (JV) Agreement with Bainbridge Navigation DMCC, Dubai, United Arab Emirates (UAE), to establish and operate a JV Company in UAE for carrying on the business of a shipping pool focused on the Handysize vessel segment, with the objective of consolidating operations and enhancing efficiency in the dry bulk shipping market.

Under JV agreement, Transworld Shipping Lines shall hold 60% and Bainbridge Navigation DMCC shall hold 40% of the equity share capital of the JV Company.

Transworld Shipping Lines (formerly known as Shreyas Shipping and Logistics) is the Indian-flagged vessel-owning company of the Transworld Group. The company provides uninterrupted service for out-of-gauge and heavy break bulk cargo with its owned fleet of ships.


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