News / Unifeeder expands global footprint with takeover of shortsea rival Feedertech

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Unifeeder has expanded its global reach and closed the gap on market leader X-Press with its acquisition of a majority stake in Singapore-based feeder and shortsea operator Feedertech Group.

DP World-owned Unifeeder will buy a 77% stake in Feedertech, with the Singapore registered company’s chairman, Ali Maghami, retaining the remaining 23%.

Founded in 2003, Feedertech operates liner and ad hoc feeder services under that name and a regional shortsea network under the Perma banner.

Its network covers 50 ports and generates revenue of ...