Straits Orient Lines Singapore acquires two Container Vessels

SINGAPORE: The Straits Orient Lines Singapore, part of Transworld Group Singapore, has taken delivery of its next Container vessel named M.V SOL PROMISE on 4th March 2021 at Singapore, the company announced recently.

SOL Promise is the biggest and the youngest vessel in its fleet.

This takeover is the first of its 2 vessels being acquired in the month of March, with the total combined investment of USD 15 million. The second vessel will be delivered by end March. We will continue to look for more opportunities in the future, said a company release. Mr. Mahesh Sivaswamy, Chairman of Transworld Group Singapore, maintains that together with these additions to our fleet, Straits Orient Lines will remain competitive, relevant and provide the best services to our partners and customers.

Further, Mr. Mahesh acknowledges the efforts put in by the owners, Straits Orient Lines and its managers, Providence Ship Management and thanks all our customers, banks, ports and other vendors for their continued support to Straits Orient Lines for last 22 years.