Van AalstBühler GmbHTBA GroupPort of StocktonTMS Awards 2023Cimbria
  • Van Aalst
  • Port of Stockton
  • Bühler GmbH
  • Telestack
  • Port of South Louisiana
  • Vigan

Fleet Management Limited appoints Chief Executive Officer

Fleet Management Limited appoints Chief Executive Officer

(Posted on 07/10/24)

Fleet Management Limited, a part of The Caravel Group Limited, has announced the appointment of Captain Rajalingam (‘Raja’) Subramaniam as the new Chief Executive Officer. He joins the Company on Monday, October 21, 2024, as “CEO Elect,” and officially assumes the role on Wednesday, 1 January, 2025. Captain Subramaniam will report to Dr. Harry S. Banga, Chairman and CEO of The Caravel Group.

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. During his tenure, Dr. Rajvanshy has led Fleet Management Limited’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. Mr. Angad Banga JP will continue to serve as the Group Chief Operating Officer of The Caravel Group, the parent company of Fleet, and actively support Fleet’s leadership team during this transition.

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 Management Limited.

Dr. Harry S. Banga expressed his enthusiasm for the new appointment: “Captain Subramaniam’s exemplary track record and visionary leadership make him the ideal choice to lead Fleet Management Limited into its next chapter of growth and innovation. We are confident that his strategic insight will elevate and reinforce our commitment to excellence in the maritime industry.”

Additionally, Dr. Banga extended heartfelt gratitude to Dr. Rajvanshy: “Dr. Rajvanshy's leadership has been the bedrock of our success. His unwavering commitment to excellence has shaped the company into what it is today. We are profoundly thankful for his years of service, friendship and the lasting impact he has made on the maritime sector.”

Reflecting on his 30 years of leadership, Dr. Kishore Rajvanshy said: “It has been an incredible journey to see Fleet Management Limited grow and thrive and I am deeply grateful for the support of our talented people and partners. We welcome Captain Subramaniam and look forward to working with him to steer the company towards new horizons, building on our legacy of safety and quality.”

Captain Subramaniam said: “I am truly honoured to be entrusted with this responsibility and to work alongside a team renowned for its dedication and excellence. My thanks also to the founding family for their support of my professional aspirations for the progress of the maritime industry at large. Together, we will continue to innovate and uphold the highest standards in the maritime industry, guided by the solid foundation laid by Dr. Rajvanshy and the Banga family.”

Fleet Management Limited will pursue a seamless transition as it continues to lead in maritime excellence and innovation. The company extends its heartfelt gratitude to Dr. Rajvanshy for his visionary leadership and commitment over the past three decades.

Latest News

Seafarer retention rates improve as salaries rise

(Posted on 15/02/25)

Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual... Read more


DNV issues guidance to help navigate sustainability regulations

(Posted on 13/02/25)

With the Hong Kong Convention (HKC) set to take effect this year, shipowners should ensure compliance... Read more


The Swedish Club launches Passage Plan+ guide

(Posted on 13/02/25)

Marine insurance specialist, The Swedish Club, has announced the launch of its Passage Plan+ Guide,... Read more


Zelim appoints former Survitec boss as chairman to spearhead growth

(Posted on 10/02/25)

Zelim, the Edinburgh-based safety and survival systems innovator, has appointed Doug Baxter as its new... Read more


DNV: Rapid WAPS uptake driven by stricter emission regulations

(Posted on 07/02/25)

A surge in industry interest combined with systems builders and yards scaling up production and installation... Read more


NSU Strengthens fleet oversight with Idwal

(Posted on 07/02/25)

Idwal is pleased to welcome NS United Kaiun Kaisha, Ltd. (NSU) as the latest partner to Idwal ID, our... Read more


Growing adoption of Wind-Assisted Ship Propulsion for sustainable shipping

(Posted on 07/02/25)

Econowind has surpassed 100 VentoFoil units sold, marking a major milestone in the shipping industry... Read more


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


Geneva DryTelestackViganSailors SocietyPort of South Louisiana
  • Cimbria
  • Sailors Society
  • TMS Awards 2023

Subscribe to our newsletter

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