25 years young
(Posted on 10/09/19)
Fleet Management Ltd, one of the world's largest independent third-party ship management companies, celebrated its 25th year anniversary in Cyprus last week.
As part of the celebrations, Fleet organised a spectacular Gala Dinner on the 6th of September at the Hilton Park in Nicosia with many important guests present, including H.E the President of the Republic of Cyprus, Mr. Nicos Anastasiades, HE the High Commissioner of India Mr. R K Raghvanand, Mr. Constantinos Yiorkatzis, Mayor of Nicosia and Shipping Deputy Minister to the President, Mrs. Natasa Pilides.
The Chairman of Caravel Group, Mr. Harry Banga and Managing Director of Fleet Management Ltd, Mr. Kishore Rajvanshy, along with more than 250 distinguished guests and Shipowners were also present at the high quality event.
Headquartered in Hong Kong, Fleet Management Limited manages a range of vessels and is a leader in the Bulk carrier operating space with more than 225 Bulk carriers under full technical management, 25 Bulk carriers under new building supervision and 25 vessels on charter by parent company, the Caravel Group. In the past 12 months, the company have carried 80 million tons of Bulk cargo on vessels ranging from Handy size to VLOCs and cargoes ranging from iron ore to grain to nickel ore to windmills, steel and other project cargoes.
Speaking at the event, Director of FML Ship Management Limited, Sunil Kapoor said, “Not long after the inception of Fleet, I moved to Hong Kong and joined the company in 1996. Then, the company was like a small child, still exploring the world, trying new things, occasionally stumbling but always getting back up. Since then, Fleet has grown from strength to strength into a confident young person as you see today. It now has the vision, education and experience to continue in its ambitious trajectory.
Just 5 years ago in 2014, when I last gave this speech, I had mentioned that we were managing close to 300 ships. Today, Fleet operates 530 ships in 22 offices with 1,000 employees and 20,000 sea farers. This means that we have grown at a staggering rate of 4.2 vessels a month over the last five years!
Our growth has not come from chance but instead through our hard work, our ability to adapt to the ever-changing maritime environment and our unrelenting focus on customized service. However, these are just some examples of the things we do right. Pursuing Excellence is not a one-time job. At Fleet it is a way of life.
All of this could not have been done without your support. So, tonight, I would like to thank all our principles and owners who stood by us all these years and supported us with more business; tonight, I would like to thank all our business partners and associates; tonight, I would like to thank our Directors and all the colleagues who have worked hard over the years.”
The role of Founding Managing Director of Fleet Management Ltd, Mr. Kishore Rajvanshy was also highlighted by Mr. Kapoor, “Mr. Rajvanshy has been instrumental in founding the company way back in 1994. Under his able guidance the Company has seen rapid and steady growth from one bulk carrier at the start to the present diversified fleet of more than 530 vessels and various offices around the world.”
Latest News
InterManager urges Seafarer participation in Enclosed-Space Safety Survey
(Posted on 27/10/25)Following the International Maritime Organisation’s (IMO’s) newly tightened rules on enclosed... Read more
DNV: Nuclear propulsion is viable solution for maritime decarbonisation
(Posted on 27/10/25)According to a new paper by DNV, shifting environmental requirements are reigniting interest in nuclear... Read more
MoU on cooperation Between Zhejiang Seaport and Columbia
(Posted on 24/10/25)Zhejiang Seaport Group and Columbia Group Limited have signed a Strategic Cooperation Memorandum of... Read more
INTERCARGO statement on Extraordinary Meeting of MEPC
(Posted on 20/10/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has released a statement on the Extraordinary... Read more
Investigation into impact of technology on seafarers
(Posted on 20/10/25)The future of shipping is already here. From autonomous systems to artificial intelligence, maritime... Read more
ESL Shipping’s science-based net-zero targets validated by SBTi
(Posted on 17/10/25)The Science Based Targets initiative (SBTi) has approved ESL Shipping’s near and long-term... Read more
Call for Wind to belong in IMO Net-Zero Framework
(Posted on 14/10/25)BAR Technologies has joined calls for the International Maritime Organization (IMO) to formally recognise... Read more
AXSMarine celebrates 25 Years of innovation and leadership
(Posted on 14/10/25)AXSMarine, a pioneer in maritime technology, celebrates its 25th anniversary this year, marking a quarter... Read more
Passport application breakthrough for Ukrainian seafarers overseas
(Posted on 08/10/25)In what’s been described as a major breakthrough for the careers of Ukrainian seafarers, a remote... Read more
Algoma celebrates 100th vessel milestone
(Posted on 07/10/25)Algoma Central Corporation has taken delivery of the Algoma Legacy, the first of three new methanol-... Read more
