In order to strengthen its position as a leading shipping line and logistics conglomerate, Transworld Group, in its legacy of 45 years, has announced a strategic partnership with DP World and its subsidiary Unifeeder Group. The latest development has proved to be a historic milestone for both the companies.
Unifeeder, through its Unifeeder ISC platform, will acquire three business units of Transworld Group, i.e. Transworld Feeders FZCO, Avana Logistek Ltd (including its subsidiary Avana Global FZCO), and Transworld Feeders Pvt Ltd (the containerised Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics Ltd, excluding vessels and bulk operations).
Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World stated, “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. Transworld Feeders and Avana are both strong and well-known brands that handle approximately 1.2 mn TEUs per annum and operate in fast-growing markets. Our Unifeeder ISC (Indian subcontinent) platform will continue to operate an asset-light, independent common-user platform, as we continue to build the Unifeeder brand, which is best known for efficient connectivity, flexibility, and reliability.”
“DP World and Transworld 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. We will continue to build on our strategic vision to connect directly with end-customers and beneficial cargo owners by delivering end-to-end solutions that remove inefficiencies in the supply chain and accelerate trade growth to deliver value for our stakeholders,” Bin Sulayem added.
Avana Global FZCO and Transworld Feeders FZCO and are leading independent feeders and non-vessel operating common carriers (NVOCC) operators providing container feeder services and regional trade solutions connecting a wide range of ports in the Middle East, Indian subcontinent and Far East through their dense network. The central hub port at Jebel Ali (UAE) plays a pivotal role for a large part of the services.
Transworld Feeders and Avana Logistek are market leaders in providing logistic solutions to cargo owners, traders, forwarders, and shipping lines. Both maintain a comprehensive coverage of all main ports, terminals and inland destinations in India. Avana Logistek also provides first and last-mile delivery solutions within the Indian domestic market. The entities will continue to operate an asset-light structure as per the Unifeeder model, which delivers greater flexibility and efficiency for customers.
Ramesh S Ramakrishnan, Chairman of Transworld Group and Shreyas Shipping and Logistics Limited said, “Our strength lies in our strong customer relationships, local expertise and network across the Indian subcontinent, which have allowed us to deliver an efficient product to the market. The acquisition of three 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,” Ramakrishnan added.