Monday 31 August 2020
Unifeeder A/S, provider of the biggest and best-connected feeder and shortsea network in Europe, has acquired Transworld Feeders FZCO, Avana Logistek Limited (including its subsidiary Avana Global FZCO), and Transworld Feeders Pvt. Ltd., the containerized Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics Limited, excluding vessels and bulk operations.
The transaction, made through its Unifeeder ISC (Indian Subcontinent) platform, a majority owned subsidiary of Dubai-based DP World, is subject to regulatory approvals.
Transworld Feeders FZCO and Avana Global FZCO are leading independent feeder and NVOCC (Non-Vessel Operating Common Carriers) operators, offering container feedering services and regional trade solutions connecting a wide range of ports in the Middle East, the Indian Subcontinent, and Far East through their dense network. The central hub port at Jebel Ali in Dubai plays a pivotal role for a large part of the services.
Both the companies have a strong presence within trade routes west of the Indian Subcontinent and complement the recent acquisition of Feedertech and Perma Shipping, which have a strong market position in the trade routes towards the east of the Indian Subcontinent.