India, Oct. 26 -- The Navi Mumbai-based shipping and logistics company has taken a fresh step in rebuilding its fleet. Through a wholly owned subsidiary, it has agreed to acquire two vessels from a Panama-based seller, a deal that arrives just as older ships are being sold and quarterly earnings have turned clearly positive. The Nifty 50 traded at 22,620, up 0.05%, while the Sensex down 0.06% to 73,170.46 on Monday. Following this the Shares of Transworld Shipping Lines Ltd are trading at Rs. 171.00, up 3.89 percent on Monday. The stock touched the intraday high of Rs. 177.99 after opening at Rs. 162.01 before slipping to a low of Rs. 162.01. The company commands a market capitalization of Rs. 375.47 crore.

Company Signs Deal to Buy Two...