Transworld Group of Companies (TGC) announced that it has recently awarded a $80 million (Dh294 million) shipbuilding contract to Guangzhou Wenchong Shipyard (GWS) in a ceremony held at the company's headquarters in Jebel Ali Free Zone, Dubai.
The move is in line with the group's aim to strengthen its fleet to address the growing demand for sea cargo transportation and fully leverage the booming shipping and maritime industry in the region.
The contract, which was signed by top-ranking company officials including S. Ramakrishnan, Chairman, TGC; He Fang, Deputy Director, China Shipbuilding Trading Company; and Yin Xueming, Chairman, GWS; outlines the delivery of two feeder container vessels that are ideally suited for container feeder trade.
The move is in line with the group's aim to strengthen its fleet to address the growing demand for sea cargo transportation and fully leverage the booming shipping and maritime industry in the region.
The contract, which was signed by top-ranking company officials including S. Ramakrishnan, Chairman, TGC; He Fang, Deputy Director, China Shipbuilding Trading Company; and Yin Xueming, Chairman, GWS; outlines the delivery of two feeder container vessels that are ideally suited for container feeder trade.