The leading port operator DP World Limited announced that its subsidiary Unifeeder ISC (Indian Subcontinent) platform has acquired Transworld Feeders FZCO, Avana Logistek Limited, including its subsidiary Avana Global FZCO, and Transworld Feeders Pvt. Ltd and and EXIM feeder shipping operations of Shreyas Shipping and Logistics Limited.
- 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.
- Transworld Feeders Pvt. Ltd. and Avana Logistek Limited maintain a comprehensive coverage of all main ports, terminals and inland destinations in India. Avana Logistek Limited also provides first mile and last mile delivery solutions within the Indian domestic market.
The major deals and investments by DP World are featured below:
July 2020: Hindustan Infralog Private Limited (HIPL) a joint venture of National Investment & Infrastructure Fund (NIIF) and supply chain leader DP World has announced an investment of approximately $150 million in developing its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai.
July 2020: DP World has agreed to acquire a majority stake in South Korea based UNICO Logistics Co. Ltd. has a global footprint of 25 subsidiaries in 20 countries and is one of the largest independent NVOCC (Non-Vessel Operating Common Carrier) in South Korea.
February 2020: DP World, plans to invest $1 billion in Bangladeshs logistics infrastructure. The investment includes the developments of container supply chain infrastructure, port infra, rail network, and inland container terminals.
January 2020: DP World had acquired a 44% stake in Swissterminal Holding, a leading container terminal operator. The acquisition has strengthened its position as an inland supply chain solutions provider. The Swissterminal is based in Frenkendorf, and it also has a presence in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen, and Liestal in Switzerland.
About DP World
DP World is a global port operator, based in Jebel Ali in Dubai, UAE. The company is a leading enabler of international trade and an integral part of the global supply chain. The company manages multiple businesses from marine and inland terminals, port management, maritime services, logistics, and ancillary services to technology-driven trade solutions.
DP World has a portfolio of more than 150 operations in around 45 countries across six continents, with a significant presence in both high-growth and mature markets of the world. The company has a team of over 50,000 people across the globe