Typescript-require relative paths bug

CLI output

$ node explode.js

fs.js:427
  return binding.open(pathModule._makeLong(path), stringToFlags(flags), mode);
                 ^
Error: ENOENT, no such file or directory '/Users/ken/typescript-require-min-bug/tmp/tsreq/ship.js'
    at Object.fs.openSync (fs.js:427:18)
    at Object.fs.readFileSync (fs.js:284:15)
    at runJS (/Users/ken/typescript-require-min-bug/node_modules/typescript-require/index.js:91:20)
    at Object.require.extensions..ts (/Users/ken/typescript-require-min-bug/node_modules/typescript-require/index.js:22:3)
    at Module.load (module.js:356:32)
    at Function.Module._load (module.js:312:12)
    at Module.require (module.js:364:17)
    at require (module.js:380:17)
    at Object.<anonymous> (/Users/ken/typescript-require-min-bug/test.js:5:1)
    at Module._compile (module.js:456:26)

explode.js

require('typescript-require');

var path = require('path');

require(path.join(process.cwd(), 'test/ship.ts'));

src slash ship.ts

interface Kraken {
  sink(vessel: any): void
}

var danger: Kraken = {
  sink: (vessel) => {
    vessel.sunk = true;
  }
};

export = danger;

test slash ship.ts

///<reference path="../src/ship.ts"/>

interface Ship {
  sunk: Boolean
}

var failboat: Ship = { sunk: true };

export = failboat;

tmp tree

$ tree
.
|____tsreq
| |____src
| | |____ship.js
| |____test
| | |____ship.js