Unifeeder Sees Record Growth in Mediterranean Trade
Unifeeder’s growth in the Mediterranean highlights its commitment to expanding capacity and delivering flexible regional trade solutions.
Unifeeder, a subsidiary of DP World Marine Services, has achieved significant growth in the intra-Mediterranean shipping market, tripling its market share to 4.3% in 2024, reinforcing its position as a major regional player.
Industry experts from Alphaliner reported that Unifeeder experienced the highest capacity growth among Mediterranean carriers, securing a place among the top six operators in the region based on deployed capacity.
Currently, Unifeeder’s Mediterranean fleet consists of 20 container vessels with a combined capacity of 24,000 TEUs (twenty-foot equivalent units), rivaling the capacity of global shipping giant COSCO SHIPPING Lines in the area.
Over the past year, the company has introduced seven new intra-Mediterranean services, contributing an additional 10,600 TEU of capacity and increasing the average size of its vessels to 1,186 TEUs.
These strategic initiatives are designed to meet the increasing demand for connectivity within the Mediterranean and Black Sea regions.
Unifeeder is also set to extend its services into the Black Sea later this month, reinforcing its regional presence.
This expansion highlights the company’s ongoing commitment to fulfilling the growing need for efficient and reliable intra-regional trade solutions.
Ganesh Raj, Global COO of DP World Marine Services, emphasized, “Unifeeder’s success in the Mediterranean and Black Sea demonstrates our ability to adjust to shifting market conditions and provide customized solutions that address the changing needs of our clients.”
He further adds, ”By expanding our services and fleet, we’re catering to the demand for enhanced intra-regional connectivity and offering long-term value to our customers.”
The intra-Mediterranean shipping market overall saw a 9.3% increase in capacity, amounting to nearly 50,000 TEUs since December 2023.
In this expanding market, Unifeeder’s share surged from 1.5% to 4.3%, pushing it up five spots to the sixth position among the region’s largest operators in terms of capacity.
This remarkable growth is attributed to a shift in trade dynamics, where large-scale operators are increasingly outsourcing intra-regional services to more nimble, specialized operators like Unifeeder.
Martin Gaard, CEO of Unifeeder A/S, noted, “The shipping industry is undergoing significant transformation, driven by geopolitical and economic factors that demand more adaptable supply chain solutions. Our expansion in the intra-Mediterranean market and the Black Sea aligns with our strategic focus on addressing these needs.”
He further continues, ”By offering efficient and dependable regional services, we help customers manage complexities and expand their reach in this evolving environment. Our growth underscores our role as a trusted partner in providing cost-effective, sustainable shipping solutions.”
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Unifeeder’s continued investments in the Mediterranean and Black Sea reflect DP World Marine Services’ broader vision of facilitating global trade by simplifying market connections.
With the backing of DP World’s extensive network and expertise, Unifeeder remains committed to providing flexible and reliable solutions, ensuring smooth trade in one of the world’s most active trade regions.
