Angad Banga and Richard Hext have assumed leadership roles at the Hong Kong owners association, bringing their expertise and experience to guide the organization. With their appointment, the association is poised to benefit from their professional approach and strategic thinking. As they take the helm, Banga and Hext will undoubtedly steer the association towards new heights, ensuring its continued success and growth. Their proven track record and deep understanding of the industry make them ideal candidates to lead the association into the future. With their leadership, the Hong Kong owners association can look forward to a promising and prosperous future.
Yesterday, the Hong Kong Shipowners Association (HKSOA) elected two prominent figures in the global shipping industry to lead the organization. Angad Banga, the Chief Operating Officer at The Caravel Group, has been named Chairman of the association, while Richard Hext, Chairman of Vanmar Shipping, will serve as his deputy.
Angad Banga's Perspective on Hong Kong's Maritime Strengths
In an interview with Splash for our newly launched Hong Kong magazine, Banga highlighted the multifaceted strengths that make Hong Kong a leading maritime hub.
Hong Kong's robust legal frameworks and arbitration systems
He emphasized the city's strong industry ecosystem, strategic location within Asia, and its crucial role as a gateway to mainland China. Additionally, he praised Hong Kong's robust legal frameworks and arbitration systems, innovation capabilities, and extensive talent pool.
HKSOA's Significance in the Shipping Industry
The HKSOA is one of the world's largest shipowning associations, with its members controlling a combined fleet exceeding 223 million deadweight tonnage (dwt). Typically, the chairmanship lasts for two years, after which Hext - whose impressive career includes notable positions at John Swire & Sons, Pacific Basin, and founding Level Seas - is expected to take over from Banga.
Hong Kong's Position in the Global Shipping Landscape
The appointment of these two industry leaders underscores the importance of Hong Kong in the global shipping landscape. As the city continues to leverage its strengths and invest in its maritime infrastructure, it is poised to maintain its position as a leading hub for years to come..
(This article is sourced from Splash247.com and curated by Thetransporteronline24)
