- The Caravel Group acquires the International Maritime Institute (IMI) to strengthen maritime education and workforce development.
- IMI will enhance training for aspiring cadets and The Caravel Group’s 28,000-strong global workforce, focusing on modern maritime technologies, sustainability, and digitalization.
- The institute will continue providing world-class pre-sea training while introducing specialized courses to equip seafarers for industry advancements.
The Caravel Group, the parent company of Fleet Management Limited, has announced the acquisition of the International Maritime Institute (IMI), one of India’s leading maritime academies. This strategic move reinforces the Group’s dedication to fostering the next generation of maritime professionals and strengthening training and innovation within the industry. The acquisition will enhance maritime education and workforce development for the Group’s 28,000-strong global workforce across Fleet Management Limited and other maritime operations.
The maritime sector is facing an increasing challenge in attracting and training young talent to sustain global shipping operations. Through this acquisition, The Caravel Group is making a long-term commitment to maritime education, ensuring that future professionals have the skills and opportunities needed for successful careers at sea.
In addition to preparing future seafarers, IMI’s expertise will be leveraged to enhance the training of the Group’s existing workforce, equipping officers, crew members, and onshore professionals with the knowledge to stay ahead of industry advancements.
Dr. Harry S. Banga, Chairman and CEO of The Caravel Group, stated:
“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.”
Developing the Future Generation of Seafarers
With approximately 90% of global trade transported by sea, the industry relies on highly skilled professionals to operate the fleets that drive economic activity. This acquisition ensures that the next generation of seafarers is well-prepared to manage modern vessels, adhere to evolving regulations, and operate the advanced technologies shaping the future of shipping.
Mr. Angad Banga, COO of The Caravel Group, highlighted the significance of this addition to the Group’s maritime operations:
“Our industry is undergoing rapid transformation, with digitalisation, automation, and sustainability reshaping the way ships are operated. IMI will play a crucial role in ensuring that seafarers are equipped with the skills they need to excel.”
Through IMI, the Caravel Group aims to provide world-class maritime education, expand career opportunities for aspiring cadets and marine engineers, and uphold IMI’s legacy as a premier maritime training institution. The institute will continue to produce highly skilled talent for the global shipping industry.
IMI will maintain its reputation for excellence by continuing to train future ship officers through its renowned pre-sea training programmes. Additionally, the institute will introduce specialised courses in emerging maritime technologies, alternative fuels, and sustainability-driven operations, ensuring that cadets are prepared for the evolving challenges of the shipping industry.
Strengthening Training for Existing Maritime Professionals
Beyond cadet training, The Caravel Group will utilise IMI’s expertise to advance learning and development initiatives for its 28,000-strong global workforce. This will include advanced simulator training, specialised courses on alternative fuels, emissions reduction, and digital navigation, as well as leadership programmes to support career progression from cadetship to senior command roles.
Dr. Harry S. Banga, a qualified Master Mariner, further emphasised the importance of maritime education:
“The lessons that I learned at the Training Ship (T.S.) Dufferin have stayed with me throughout my career. It is vital that we create opportunities for the next generation to learn and succeed.”
About the International Maritime Institute
Established in 1991 by a group of distinguished mariners, the International Maritime Institute (IMI) in Noida, India, is one of the country’s most respected maritime academies, specialising in pre-sea training for cadets. IMI was founded with a mission to train world-class mariners who uphold the highest standards of integrity, professionalism, and dedication.
IMI will continue to serve as a leading centre for maritime education, offering state-of-the-art simulators and training facilities for Deck and Engine cadets. Under the leadership of experienced faculty and academic staff, the institute will maintain its role in producing highly skilled maritime professionals.
As a crucial global hub for maritime talent, India plays an essential role in supplying skilled seafarers to the international shipping industry. IMI graduates have consistently secured positions in leading global shipping companies, contributing to the safe and efficient operation of vessels worldwide.
Capt. GPS Bhalla, the International Maritime Institute’s Promoter Director, commented:
“The International Maritime Institute has built a strong foundation through long-standing industry partnerships and a commitment to excellence in maritime training. Under The Caravel Group and the Banga family’s stewardship, IMI will continue to provide exceptional career development opportunities and shape the next generation of maritime professionals for decades to come.”
The Caravel Group remains committed to preserving IMI’s legacy while investing in curriculum advancements, faculty development, and expanded career placement programs to maximise student success.
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Source: Fleet Management
