Mr Angad Banga of the Caravel Group was elected as the new Chairman of the Hong Kong Shipowners Association (HKSOA) on 22 November 2023. Mr. Banga succeeded Mr. Wellington Koo, of Valles Steamship Co., Ltd, who stepped down after completing his two-year term as Chairman of the HKSOA.

Mr. Banga has also taken over the Chairmanship of the Asian Shipowners’ Association (ASA) at the same time. Mr. Wellington Koo, the outgoing Chairman, thanked ASA members for their support of him during his term.

Mr Banga will bring a wealth of experience and leadership to this pivotal role, and his tenure is anticipated to propel ASA to new heights in the maritime industry. In accepting his new role, Mr. Banga expressed his enthusiasm, stating, "I am honored to have the opportunity to lead ASA during this transformative period in the maritime sector. The challenges we face are significant, but so are the opportunities. Together, with the collective strength of our members, we will chart a course towards sustainable growth, technological advancement, and enhanced collaboration within the Asian and the global shipping community."

Mr Banga’s tenure as Chairman of ASA will come to an end on the day of ASA’s next AGM to be held in Hong Kong on 28 May 2024.

ASA extends its gratitude to the outgoing Chairman, Mr Wellington Koo, for his invaluable contributions and leadership during his tenure.