DP World acquires feeder and regional trade operators

DP World acquires feeder and regional trade operators
Group chairman and CEO of DP World Sultan Ahmed Bin Sulayem (left) signing the agreement

DP World subsidiary Unifeeder has acquired Transworld Feeders FZCO, Avana Logistek, including its subsidiary Avana Global FZCO, and Transworld Feeders, the containerised Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics.

Both Transworld Feeders FZCO and Avana Global FZCO are leading independent feeder and Non-Vessel Operating Common Carriers (NCOCCs) which offer container feedering services and regional trade solutions.

The two companies’ services connect to a wide range of ports in the Middle East, the Indian Subcontinent and Far East through their dense network.

Jebel Ali, a central hub port, plays a pivotal role for a large part of their services and the two companies handle approximately 1.2m teu per year.

Both companies have a strong presence within trade routes west of the Indian Subcontinent and complement DP World’s recent acquisition of Feedertech and Perma Shipping, which have a strong market position in the trade routes towards the east of the Indian Subcontinent.

The acquisition of Transworld Feeders, which excludes vessels and bulk operations, and Avana Logistek offers a comprehensive coverage of all main ports, terminals and inland destinations in India.

Additonally, Avana Logistek also provides first mile and last mile logistic solutions to cargo owners, traders, forwarders and shipping lines.

Both new entities will continue to operate an asset-light structure as per the Unifeeder model, which enables greater flexibility and efficiency for its customers.

Group chairman and CEO of DP World Sultan Ahmed Bin Sulayem said: “We are delighted to announce these bolt-on acquisitions which give us complete coverage in fast-growing markets between East Africa, Gulf and the wider Indian Subcontinent.”

He added: “DP World and Transworld Group have enjoyed a fruitful partnership over the years, and we are excited to partner with them as we build out our vision to become a global supply chain solutions provider.”

Ramesh S Ramakrishnan, chairman of Transworld Group and Shreyas Shipping and Logistics, said: “The acquisition of our portfolio companies will provide DP World and Unifeeder ISC a robust platform to jointly deliver a more complete range of solutions to our customers.

“We are excited to be part of the DP World family and look forward to building on our continued legacy as a globally renowned independent shipping and logistics conglomerate. We look forward to our partnership and a prosperous future together.”