The Caravel Group

𝐄𝐦𝐛𝐫𝐚𝐜𝐢𝐧𝐠 𝐎𝐮𝐫 𝐄𝐧𝐜𝐨𝐦𝐩𝐚𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐢𝐧𝐠 𝐓𝐡𝐞 𝐂𝐚𝐫𝐚𝐯𝐞𝐥 𝐆𝐫𝐨𝐮𝐩'𝐬 𝟐𝟎𝟐𝟑 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 The Caravel Group is proud to continue our commitment to an environmentally sustainable maritime future and innovation. Launched in 2022, our Encompass strategy focuses on four pillars: Navigating Responsibly, Evolving Environmental Stewardship, Safeguarding People, and Working Together. 2023 Highlights: • 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐥𝐲: Joined the UN Global Compact, aligned with the Sustainability Accounting Standards Board (SASB) Standards, implemented a Group Human Rights Policy, and upgraded our NOVA data analytics platform to manage fuel efficiency, comply with emission standards, and provide transparency. • 𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐒𝐭𝐞𝐰𝐚𝐫𝐝𝐬𝐡𝐢𝐩: Conducted biofuel trials, explored ammonia feasibility, and adopted energy-saving technologies like wind propulsion and ultrasonic antifouling systems. • 𝐒𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝𝐢𝐧𝐠 𝐏𝐞𝐨𝐩𝐥𝐞: Focused on health, safety, and development with mental health programmes and gender sensitisation training. • 𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫: Increased female seafarers by 33%, provided Diversity, Equity, and Inclusion training for key board members, and celebrated rescues by our seafarers. As our industry evolves, we look forward to innovating together, upholding our values, and navigating future challenges with resilience. Read our Responsibility Report here: https://bit.ly/4c59i6P Feel free to reach out with any questions or comments! #TheCaravelGroup #ResponsibilityReport2023 #Sustainability #Maritime

We are delighted to announce the appointment of Captain Rajalingam (‘Raja’) Subramaniam as our new Chief Executive Officer. Captain Subramaniam will succeed Dr. Kishore Rajvanshy, who has served as Managing Director of Fleet Management Limited since the company’s inception thirty years ago and spearheaded Fleet’s growth into the world’s second largest third-party ship management company. Dr Rajvanshy will transition to "Managing Director Emeritus" and remain as a "Non-Executive Director" in a senior advisory role. We are profoundly thankful for his years of service, friendship and the lasting impact he has made on the maritime sector. A seasoned leader and a highly qualified maritime professional, Captain Subramaniam combines first-hand seafaring experience as a Master Mariner with strong business acumen. Formerly the President & Group CEO of the MISC Group, he strengthened the Group’s standing as a dominant force in the global shipping and offshore industry, steering the company amid a shifting landscape of complex challenges, from economic uncertainty to evolving environmental regulation. Captain Subramaniam has demonstrated his adept ability to deliver growth, innovation, and champion excellence, all of which he will bring to Fleet as he steers the company towards new horizons, building on our legacy of safety and quality. Captain Subramaniam joins Fleet on Monday, October 21, 2024, as “CEO Elect,” and officially assumes the role of Chief Executive Officer on Wednesday, January 1, 2025. Read more here: https://lnkd.in/dQ526sdr

Congratulations to Captain Deepti Singh, the first woman seafarer at Fleet Management Limited, a Caravel Group company, to achieve a promotion to the post of Master, the highest rank onboard a ship. Gender equality is a crucial focus for Fleet as it grows and develops its 27,000-strong workforce of seafarers. Our commitment to DEI - both onboard and onshore - is covered within the 'Working Together Section' of our latest Responsibility Report: https://lnkd.in/g68PG9wJ

In his capacity as the Chairman of the The Hong Kong Shipowners Association, Angad Banga, Chief Operating Officer, sat down with local business media to discuss Hong Kong’s enduring significance as a global maritime hub.   Hong Kong is uniquely positioned because of the strength of its financial and professional services that support the maritime industry. Hong Kong can also learn from markets such as London and Switzerland to excel in high value-added services. Greater collaboration between Hong Kong and the Greater Bay Area has great potential to boost trade volume and operational efficiency.   The Hong Kong Shipowners Association is one of the largest associations with more than 180 members owning, managing and operating fleets as well as providing professional services to the industry.

Calling all entrepreneurs! The Captain's Table, the leading global hackathon for startups in the maritime and logistics industry, is looking for your best ideas. The search is on for groundbreaking solutions to support the future of the maritime industry, with a special focus in the areas of Environment, Social Impact, Governance, Risk Management, and Digitized Supply Chain. The Caravel Group is proud to sponsor the 6th annual event. The Captain’s Table offers startups an unparalleled opportunity to pitch their ideas to a panel of industry leaders, venture capitalists and seasoned entrepreneurs. The judges will assess the business viability, market potential, scalability and impact to shortlist the very best submissions. The finalists will be invited to pitch their solutions to the judges and a live audience on 21 November 2024, during Hong Kong Maritime Week. For more information, please visit: https://captainstable.hk The Captain's Table, The Hong Kong Shipowners Association, Hong Kong Maritime and Port Board #Maritime #Entrepreneurship #Innovation

Mr. Angad Banga, Chief Operating Officer for The Caravel Group, has been appointed a Justice of the Peace (JP) by Hong Kong’s Chief Executive. The occasion was marked with an oath taking ceremony (pictured). “I am truly grateful for this honour,” said Mr. Banga. “It is a privilege to serve the community of Hong Kong. The city has given us so much, and my family and I are proud to call it home.” The Government of the Hong Kong Special Administrative Region published the 2024 Honours List and Justices of the Peace appointments on July 1, in which a total of 502 people were recognised this year. Individuals are recognised for their contribution to Hong Kong or dedicated public and community service. JPs are required to perform certain functions, including visiting custodial institutions or detention centres to ensure that such facilities are effectively managed and that no inmate is unfairly treated or deprived of his or her rights.

Angad Banga, our Chief Operating Officer and Chairman of The Hong Kong Shipowners Association, joined the Goldman Sachs Apex Asia Family Office Symposium in Hong Kong. Speaking alongside Ronna C. of Novel Investment Partners, the discussion explored investment strategies, the distinctive features of the respective office, as well as best practices for managing a successful family office and family-owned business. Thank you Ronald Lee for hosting and for moderating the panel discussion. Congratulations to your team for convening an insightful and productive event.

"The maritime industry is more than the sum of its parts; it is a community united by shared interests and goals. We are custodians of a legacy that connects continents and cultures. Our ships are the carriers of progress, fuelling economic growth worldwide." - Angad Banga, Chief Operating Officer and Director, The Caravel Group, and Chairman of The Hong Kong Shipowners Association In his keynote address at the 15th Annual Marine Money Hong Kong Ship Finance Forum, Angad detailed the essential role of the maritime sector in global commerce, emphasising its resilience, adaptability, and the transformative effects of digitalisation and sustainability. The forum hosted over 120 delegates from Hong Kong and beyond, addressing macroeconomic and geopolitical impacts on shipping, exploring capital avenues in China and the Far East, and devising strategies for navigating an evolving market. #MM #MMHK2024 #Maritime

𝗘𝗺𝗽𝗼𝘄𝗲𝗿 𝗬𝗼𝘂𝗿 𝗟𝗲𝗴𝗮𝗰𝘆: 𝗜𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗙𝗮𝗺𝗶𝗹𝘆 Angad Banga, our Chief Operating Officer and Chairman of The Hong Kong Shipowners Association, recently lent his expertise at J.P. Morgan Private Bank’s Family Office Circle in Hong Kong. As a moderator, he delved into crucial topics such as geopolitical shifts, investment strategies, and risk management. Hosted by J.P. Morgan Private Bank, the event drew leaders from 100 distinguished family offices worldwide, each managing significant wealth. The discussions focused on strategies for navigating and excelling in today's complex financial landscape. → https://lnkd.in/gEwn6Vyu #FamilyOffice #GlobalInvestment #Leadership

“Prioritising high value-added maritime services is the focus of the Hong Kong government and the direction Hong Kong should take to grow its maritime ecosystem," said Angad Banga, our Chief Operating Officer and Director of The Caravel Group, and Chairman of The Hong Kong Shipowners Association. He made this statement at a panel hosted by The Foreign Correspondents' Club, Hong Kong. Watch him speak about the key challenges impacting the maritime industry, from geopolitical and regulatory impacts to the green transition, and why Hong Kong will continue to be a major maritime hub in this video here: https://lnkd.in/e4bnK-Rf