DP World, a global port operator, agreed to acquire a 77% stake in Feedertech Group, an independent feedering service. Financial terms were not disclosed. "This transaction is another strategic step in our vision to build end-to-end logistics capability. Feedertech has a strong reputation as a reliable independent feeder and regional short-sea operator and we are delighted to add this asset to our portfolio. Furthermore, it offers us exposure to the faster-growing coastal short-sea trade in the Indian Subcontinent, which is highly complementary to our existing India logistics strategy. The next and imminent stage of this development will be to launch a dedicated efficient India-Gulf region service, which is an important route for our customers," Sultan Ahmed Bin Sulayem, DP World Chairman and CEO.