ViganSailors SocietyPort of South LouisianaTelestackTBA GroupCimbria
  • Port of South Louisiana
  • Van Aalst
  • Port of Stockton
  • Sailors Society
  • Vigan
  • Bühler GmbH

Fleet announces strategic leadership transition in its 30th year

Fleet announces strategic leadership transition in its 30th year

(Posted on 22/02/24)

Fleet Management Limited (FLEET), the world’s largest third-party ship management company, has begun implementing a phased succession plan to ensure continuity, sustained innovation and success as it enters a new era.

After three decades as Managing Director since the company’s inception, Dr Kishore Rajvanshy is transitioning from his current role, with a global search for a new MD underway.

As part of this transition, Mr Angad Banga, the Chief Operating Officer of FLEET’s parent company, The Caravel Group, will co-lead FLEET with Dr Rajvanshy – where Dr Rajvanshy will continue to manage the technical, seafarer personnel, quality, health, safety and environmental departments, and Mr Banga will oversee all other divisions.

The Chairman and CEO of The Caravel Group, Dr Harry Banga, said "Under Dr Rajvanshy’s leadership, FLEET has thrived, achieving significant year-on-year growth while steadfastly upholding our core values of Family, Entrepreneurship, Partnership and Integrity, and driving our focus on safety, quality, operational excellence and efficiency, and innovation.”

“Our success is a testament to our valued clients, partners, and highly skilled and dedicated seafarers and employees, who remain the pillars of our past achievements and the impetus for our next chapter of growth.”

“As we celebrate our 30th anniversary, we are steering toward a horizon filled with new opportunities, bolstered by a legacy of excellence and a commitment to technology and innovation. Our ship is set for the future, guided by the lessons of the past and the optimism for what lies ahead.”

“During the transition, we will remain squarely and resolutely committed to the delivery of industry-leading service to our customers, partners, seafarers and all of those who rely on us. Our succession planning and transitional steps have been designed to ensure there are no interruptions to service levels.”

Dr Kishore Rajvanshy stated: “As I prepare to pass the baton to the next generation, I am confident that the company's future is bright and that it will continue to set industry standards for years to come. This is a landmark strategic move to mark our 30th anniversary year, to build on our rock-solid foundations and take the company to the next level.”

Mr Angad Banga, who will co-lead FLEET during the transition period and oversee the new management team under the mentorship of Dr Banga and Dr Rajvanshy, brings a wealth of experience across the maritime industry and a strong respect for the company's history. He joined his father at The Caravel Group a decade ago, is the current Chairman of the Hong Kong Shipowners Association and rotational Chairman of the Asian Shipowners Association, and has served actively as a FLEET board director for a number of years.

"I am driven to build on the robust legacy established by my father, Dr Harry Banga, and Dr Rajvanshy, in working with our colleagues, partners and investing in FLEET to meet our clients’ needs now and into the future, " Mr Banga said.

“Our company stands at the intersection of tradition and innovation. Leading our extraordinary team is a privilege, and we stand poised to continue to lead safety standards, embrace innovation and pursue new opportunities to serve our clients and the broader industry.”

Latest News

Shipowners can shield against accidents by better learning from human factors

(Posted on 31/01/25)

The University of Strathclyde in Scotland, UK is encouraging ship operators, safety professionals and... Read more


InterManager elects Sebastian von Hardenberg as President

(Posted on 31/01/25)

InterManager, the international association for the ship management sector, has elected Sebastian von... Read more


Industry urged to share knowledge in cases of seafarer criminalisation

(Posted on 20/01/25)

InterManager, the international trade association for the ship management sector, is calling on shipping... Read more


INTERCARGO quality panel expansion enhances sector collaboration

(Posted on 19/01/25)

The International Association of Dry Cargo Shipowners (INTERCARGO) has announced a strategic development... Read more


DNV launches AROS

(Posted on 19/01/25)

DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), providing... Read more


Dry bulk industry pays tribute to outgoing INTERCARGO Chairman Dimitri Fafalios

(Posted on 10/01/25)

Leading figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalios... Read more


IMO Secretary-General sets his priorities for 2025 in new year message

(Posted on 07/01/25)

International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has highlighted key items... Read more


Anemoi’s Vale VLOC Rotor Sails installation is largest wind-propulsion project to date

(Posted on 17/12/24)

Anemoi Marine Technologies has completed the installation of five Rotor Sails onboard the 400,000 dwt... Read more


Partnership to provide crews with seamless Data Roaming experience

(Posted on 17/12/24)

ShipMoney, a leader in digital payment solutions, has announced its partnership with Megga Telecom,... Read more


Thordon’s water-lubricated shaft bearings selected for bulk carrier refit

(Posted on 11/12/24)

Thordon Bearings has delivered COMPAC water-lubricated propeller shaft and SXL rudder bearings to replace... Read more


TMS Awards 2023Van AalstPort of StocktonBühler GmbHGeneva Dry
  • Geneva Dry
  • Cimbria
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping