Transworld Signs Record Shipbuilding Contract

Transworld Group of Companies (TGC), an international logistics and shipping specialist, announced in December that it had awarded a $80m shipbuilding contract to Guangzhou Wenchong Shipyard (GWS) in a ceremony held at the company's headquarters in Jebel Ali Free Zone, Dubai.

The group is aiming to strengthen its fleet to address the growing demand for sea cargo transportation and fully leverage the booming shipping and maritime industry in the Middle East. The 175 metre ships are custom-built with two 45-ton safe working load cranes and are designed to hold a maximum capacity of 1740 TEU and speed limit of up to 21 knots. The vessels are suited for TGC's primary short sea routes that provide a weekly connection for container trade from India, Pakistan, Bangladesh, Colombo, and the Middle East to Hub port of Jebel Ali.

The contract, which was signed by company officials including He Fang, deputy director, China Shipbuilding Trading Company, and Yin Xueming, chairman, GWS, outlines schedule of delivery for two feeder container vessels. Also present at the ceremony was H.E. Venu Rajamony, Consul General of India in Dubai. Source: Arabian Business