Banga’s billion-dollar return

 

Hong Kong: Harry Banga graces the cover of the debut issue of Maritime CEO magazine, launched today, in what is likely to be one of the shipping exclusives of the year. The former deputy head of the Noble Group is pumping $1bn into a new firm, Caravel Group, created with his sons, Guneet and Angad, that will concentrate on investment management activities, strategic asset ownership and the movement and storage of dry bulk raw materials.
 
Headquartered in Hong Kong, Caravel is looking to buy up to 12 ships in the coming 12 months as well as charter in up to 100 vessels.
 
The full interview can be accessed here
 
As well as interviews with 14 other top shipowners the launch issue of Maritime CEO contains leading economic commentary covering important regions, such as India, penned by Barclays’ chief India economist. There’s market commentary from well-known analysts on the three main sectors, while every edition of the magazine aims to tackle an important issue facing the industry; this time it’s ecoships. Towards the back of the magazine is more of a lifestyle section, orientated towards the busy maritime executive, while at the back there is an acerbic column and results of a number of polls Maritime CEO has conducted in recent months.
 
The full issue of Maritime CEO magazine can be downloaded here.  [12/09/13]

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