Hong Kong’s diversified conglomerate The Caravel Group bought the International Maritime Institute (IMI), a maritime academy located in Noida, India.
IMI will continue to develop future ship officers through its pre-sea training programmes, while also introducing specialised courses in emerging maritime technologies, alternative fuels, and sustainability-driven operations.
The maritime industry is facing an urgent challenge to attract and develop young talent to sustain global shipping operations.
Through this acquisition, The Caravel Group explains that it is making “a long-term investment in the education and development of maritime professionals and creating lifelong career opportunities.”
Dr Harry Banga and Mr Angad Banga JP of The Caravel Group announced the acquisition of the International Maritime Institute in the social media with a short post.
Dr. Harry S. Banga, chairman and CEO of The Caravel Group, said: “Seafarers are the backbone of global trade, and investing in their education is not just a responsibility-it is a necessity. By bringing IMI into The Caravel Group, we are ensuring that maritime professionals receive a world-class education, equipping them for successful careers at sea.”
The Caravel Group is a diversified conglomerate headquartered in Hong Kong SAR with three verticals: maritime, commodities and investment management.
Within the maritime vertical, the group is focused on third-party ship management, and as well ship ownership-managing, operating and owning vessels across the dry bulk, chemical and gas tanker and container segments.
One of the group’s subsidiary companies is the ship management company Fleet Management Limited.
