Pacific Basin Shipping Limited announced that Dr. Harindarpal (Harry) Singh Banga has been appointed as a Non-executive Director of the Company with effect from February 16, 2026. Dr. Banga, aged 75, brings five decades of experience in the maritime industry. He began his professional career in the maritime industry after qualifying as a master mariner in 1976.
In 1979, he transitioned ashore and joined Gulf Group, an international shipping and commodities business, where he served as Commercial Director until 1989. In 1989, he became a founding partner and later vice chairman of Noble Group Limited until 2012. In 2011, Dr. Banga acquired Fleet Management Limited, the ship management subsidiary company of Noble Group, serving as chairman until present.
In 2013, Dr. Banga founded Caravel, a diversified conglomerate with maritime, commodities and investment management as its three key areas of business. He was chairman and CEO of Caravel until January 5, 2026 whereupon Dr. Banga assumed the role of executive chairman focusing on the group?s long-term strategy, governance, and oversight. Dr. Banga was educated at the Training Ship Dufferin, India?s oldest maritime academy.
He earned his Master Mariner certification in 1976. In 2011, Dr Banga was awarded the Pravasi Bharatiya Samman Award by the then President of India, Mrs. Pratibha Patil, in recognition of his contributions to business, his role in enhancing India?s global reputation, and his support for Indian communities overseas. In 2019, Dr. Banga was honoured by the Economic Times as the ?Most Influential Business Leader of Asia?
during the Asian Business Leaders Conclave. In 2020, Dr. Banga was also awarded an Honorary Doctorate in Business Administration from the City University of Hong Kong for his significant contributions to education and philanthropy over the years. Dr. Banga serves as the Honorary Consul of the Republic of Cyprus in both the Hong Kong and Macao Special Administrative Regions.
Pacific Basin Shipping Limited announced that Mr. Angad Banga, JP has been appointed as a Non-executive Director of the Company with effect from February 16, 2026. Mr. Banga, aged 42, brings two decades of experience in the maritime and financial services industries. Mr. Banga began his career at J.P. Morgan in Hong Kong as an investment banking analyst in 2006.
He was a principal at KKR from 2009 to 2013 where he focused on private equity investing and led the Asian leveraged finance business for KKR Capital Markets Asia. He joined Caravel Group at its inception in 2013 as an executive director. In 2016, he was appointed as chief operating officer of Caravel overseeing asset management, investment, finance, and operations, and chair of the IT steering committee.
On January 5, 2026, he became Caravel?s group chief executive officer with responsibility for the performance of the Caravel Group?s core businesses and capital allocation, long term strategy, governance and investments. This includes the Group?s portfolio of maritime assets and services, and the trading of dry bulk commodities and raw materials. Mr. Banga holds a Bachelor of Arts degree with Honours in Economics from Dartmouth College.
He was the chairman of the Hong Kong Shipowners Association from 2023 to 2025, and serves as a board member of the Hong Kong Maritime and Port Development Board chairing its promotion & external relations committee, as well as a Member of the West of England P&I Club?s Member Committee. In recognition of his contributions to public service, he was appointed a Justice of the Peace by the Hong Kong SAR Government (July 2024 ? present).
