The Caravel Group, the parent company of Fleet Management Limited, acquires India’s premier maritime academy to develop the next generation of global maritime talent, strengthen training and innovation.
Dr. Harry S. Banga and Angad Banga of The Caravel Group announce the acquisition of the International Maritime Institute (IMI), India’s premier maritime academy. This investment in the not-for-profit sector reinforces The Caravel Group’s commitment to developing the next generation of global maritime professionals and ensuring the industry’s long-term sustainability. The addition will bolster maritime training and development for the Group’s 28,000-strong workforce across Fleet Management Limited and other maritime 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 is making a long-term investment in the education and development of maritime professionals and creating lifelong career opportunities for the next generation.
In addition to its commitment to future seafarers, the Group will leverage IMI’s capabilities to strengthen the training available to its 28,000-strong global workforce, ensuring that present officers, crew members and onshore professionals remain at the forefront of industry advancements.
With 90% of world trade transported by sea, the maritime industry depends on well-trained professionals to move the ships that deliver the goods and commodities that economies rely on. This investment ensures that the next generation of seafarers is fully prepared to navigate modern fleets, comply with evolving regulations, and operate the advanced technologies that the industry will need onboard ships in the future.
Through IMI, The Caravel Group will provide world-class maritime education, expand career pathways for aspiring cadets and marine engineers. This acquisition ensures that IMI remains a leader in maritime education and continues to produce highly skilled talent for the international shipping industry.
IMI will continue to develop future ship officers through its renowned pre-sea training programmes, while also introducing specialised courses in emerging maritime technologies, alternative fuels, and sustainability-driven operations. The institute will remain at the forefront of maritime education, ensuring cadets are prepared for the challenges of the modern shipping industry.
