Drewry Maritime Equity Research - DP World PLC (DPW) DP World moves further ahead into vertical integration

Report

Ankush Kathuria

DP World moves further ahead into vertical integration

On 19 August 2020, DP World (DPW) announced the acquisition of Transworld Group’s three business units - Transworld Feeders FZCO
(Middle East focus feedering business), Avana Logistek Ltd (including its subsidiary Avana Global FZCO - non-vessel operating common
carrier (NVOCC) Middle East business) 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).
The deal was made via Unifeeder (through its Indian subcontinent Unifeeder ISC platform), a majority-owned subsidiary of DPW. It is worth
a mention here that DPW’s stock got delisted from Dubai stock exchange on 17 June 2020, as management believed that public trading
was too beholden to short term returns.

06/11/2020 1 EN

Underlying

DP World PLC

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AEDFXA0M6V00 United Arab Emirates

Provider

Drewry Maritime Equity Research

Drewry, since 1970, has been providing research and advisory services on the global Maritime and Shipping industries and has established itself as a firm with long history of credibility and expertise on various aspects of the maritime industry. Leveraging this in-depth market knowledge and understanding, we have extended our offering to deliver a unique, independent investment research service on globally listed companies operating in the maritime industry. Under the brand Drewry Maritime Equity Research and in accordance with the FCA, DMER led by Rahul Kapoor and his team, offers fundamental analysis on listed companies. DMER analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. By combining these market-leading resources with seasoned sector expertise and commercial awareness, we are able to offer a highly differentiated and comprehensive investment research service to prospective investors in listed maritime companies. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

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Analysts

Ankush Kathuria

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