SHIPPING: Fleet Management chooses Cyprus for 20th anniversary

The Hong Kong-based Caravel Group’s subsidiary Fleet Management Ltd. chose Cyprus to celebrate the ship-management company’s 20th anniversary, an event that saw 280 international executives mingle with leading members of the Cyprus maritime community.

Present at the celebrations held at the Hilton in Nicosia were Communications and Works Minister Marios Demetriades, the High Commissioner of India Ravi Bangar, shipowners and shipmanagers Peter Vroon, Magne Morgen, George Moundreas, Jarle Eleffsen, Fuji Norihiko, Peter Spendlove and officials from the Cyprus government and other service providers from different parts of world.
The guest list included executives from the shipping companies Gadot Yam, GSD Holding, Hansa Tankers, K-Lines, Laskaridis Shipping, Mano Maritime, Nicholas G Moundreas Shipping, Nordic Shipping, Spar Shipping AS, Triton Navigation, UACC, Vroon Shipping BV and Western Bulk.
All of the hosts, including Sunil Kapoor, Director and General Manager of FML Ship Management Cyprus, Kishore Rajvanshy, Managing Director of Fleet Management Ltd. Hong Kong and Harry S. Banga, Chairman of the Caravel Group, referred to the journey of the young company that has grown to become the world’s fourth largest professional ship manager in a span of less than 20 years.
Headquartered in Hong Kong, and part of the Caravel Group, Fleet Management Ltd. manages more than 350 ships out of 19 offices in 9 countries, employing 10,000 seafarers and 600 shore personnel. In 2013 Fleet Management was presented with the ‘Best Ship Manager’ award at the Lloyd’s List Asia Awards 2013 and the ‘People Development Award’ at the International Bulk Journal 2013 Awards.
The Caravel Group, privately owned under the leadership of founding chairman and CEO Harry S. Banga, is a diversified global conglomerate focused on the trading and logistics of dry bulk raw materials, investment management, and strategic asset ownership. Through its three primary operating units, the Group provides solutions in maritime, resources and asset management.