Logistics

Transworld’s focus

Shipping and logistics conglomerate Transworld has expanded its operations by entering the bulk business and diversifying into project logistics and re-branding itself.

The shipping and logistics conglomerate announced it is entering into a new era by incorporating Transworld Bulk Carriers FZCO and Transworld Projects.

In the non-containerised segment it will perform as owners and operators of bulk carriers.

Transworld has unveiled its new branding to reflect a new vision and mission. The company explained it would focus on innovation, new strategies and technologies and gaining leadership in the shipping and logistics industry.

At a ceremony to mark 35 years of the company, Ramesh S Ramakrishnan, chairman of Transworld, said at its headquarters in the Jebel Ali Free Zone (Jafza) that the time had come to “renew our objective to become a seamless end-to-end logistics services provider.” Present at the ceremony was Mohammed Sharaf, the chief executive officer, DP World.

“We are very pleased to announce our foray into the new verticals of Transworld,” stated Ramakrishnan. “We believe these expansions will add great value to our core businesses within the umbrella of container shipping. The addition of three new container ships, along with the increase in capacity of the containers and increased focus on the reefer market within the region has led to a strong growth for Transworld, besides resulting in a significant increase in the inventory in our group company, Balaji Shipping,” he added.

Transworld firms include Orient Express Lines, Balaji Shipping, Shreyas Shipping and Logistics, Shreyas Relay Systems and Albatross Shipping, among others.

The companies have developed a strong footing for Transworld across the globe including the UAE, India and the US.

“Our growth story has accelerated in the UAE thanks to the shipping-friendly policies laid out by the country’s visionary leaders. This has made it possible for us to reach the world,” he added.