Greater China

Banga’s Caravel sets sail

Hong Kong: This evening sees the official unveiling of Hong Kong’s newest shipping firm, the Caravel Group, run by former Noble supremo Harry Banga and his two sons. A lavish cocktail party at the Four Seasons will mark the start of the company, whose headquarters are in the Center in Wan Chai and which promises to a very active player in dry bulk trades, owning, chartering and shipmanagement, the latter via Banga’s acquisition of Fleet Management two years ago.
It is believed Banga will shortly announce his first raft of newbuilds. He told our sister site, Maritime CEO, two months ago of plans to own 12 ships and charter in up to 100 vessels within 12 months.  [01/11/13]

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