NEWS
News

12/10/2015

MOU (memorandum of understanding) signed between the Republic of India shipping container company and the United Arab Emirates shipping container company

This company is affiliated with local container shipping companies in Mumbai as well as the United Arab Emirates. These companies are also member affiliates of the Transworld Group of Companies. On 11/30/2015 the aforementioned companies signed an MOU (comprehensive memorandum) to form a joint venture.
We are speeding along procedures to establish a joint venture.

Purpose of memorandum

This company aims to expand and strengthen its presence in the Middle East and in Arab Nations in addition to its existing distribution network and services in Southeast Asia and the Far East.

Information and summary of parties involved in memorandum

Country Name India
Type of the contract MOU
Agreement date 11/30/2015
Name of the joint venture Shreyas - Suzue Logistics India Pvt. Ltd.
(Shirayasu-Suzue Logistics India)
Partner Shreyas Shipping and Logistics Ltd.
(Transworld Group)
Partner's investor Shreyas Shipping and Logistics Ltd.
Paid-in Capital INR 10,000,000.00 (Idian Rupee)
About 20 million yen after conversion
Percentage of joint venture investment Suzue 50%
Partner 50%
Address of the joint venture Mumbai
Country Name United Arab Emirates (UAE)
Type of the contract MOU
Agreement date 11/30/2015
Name of the joint venture Transwold - Suzue Logistics UAE FZCO
(Transworld-Suzue Logistics UAE)
Partner Orient Express Lines FZCO
(Transworld Group)
Partner's investor Transworld Logistics FZE
Paid-in Capital AED 500,000.00 (Dirham)
About 17.5 million yen after conversion
Percentage of joint venture investment Suzue 50%
Partner 50%
Address of the joint venture Dubai

The Transworld Group of Companies, (established in 1976), has over forty years of history and operates businesses from their base in the UAE and America. Their global headquarters is based in the Jebel Ali Free Zone. They possess and operate ocean liners within their group, including ships including the Orient Express Line. They are a group corporation that is widely developing coastal operations, shipping agencies, shipping management, freight forwarding, contract logistics, and NVOCC enterprises.

Mumbai (India)

Partner: Shreyas Shipping and Logistics Ltd.

They are one of the first container and coastal shipping companies in India and a member of the Transworld Group. Their main office is located in Mumbai and has a fleet of seven container ships with a TEU of 1000-3500. ships with which they mainly transport goods along the Indian coast. They also have service courses that make stops at Port Rashid. They are currently developing services to connect the Indian Subcontinent with the Middle East.

Dubai (United Arab Emirates)

Partner: Orient Express Lines FZE(OEL)/Transworld Logistics FZE(TLF)

Both companies maintain headquarters in the Jebel Ali Free Zone, Dubai's special ward for industry and function conduct business as a member of the Transworld Group.
OEL maintains hub ports in Dubai, Colombo and the Persian Gulf and is developing services on coastal waters on the Indian Subcontinent. They have a container fleet with a TEU of 1000-3500 and over twenty ships. The main customers include fixed course ship companies Maersk Line, MSC, Messina Lines, UASC, CMA CGM, OOCL, APL, and Hapag -Lloyd.
TLF also maintains its headquarters in the Jebel Ali Free Zone and offers cutting edge warehouse storage in the Middle East, the Indian Subcontinent, Nepal, Pakistan, Bangladesh, Sri Lanka and South East Asia. They are developing comprehensive distribution services with sea, land and air transport.

This company already has important bases in China, Thailand, Vietnam, Indonesia, Myanmar, Malaysia, South Africa, Bangladesh, Turkey, and Mexico and it is taking the initiative to create infrastructure and bases in India and the United Arab Emirates.

Shreyas Shipping and Logistics Ltd. (Transworld Group)Container Ship

Orient Express Lines FZCO (Transworld Group)Container Ship