CARAVEL GROUP
Chief Operating Officer , Angad Banga discusses how digitisation has disrupted the shipping industry
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M aritime transport remains a significant
linchpin in the world ’ s economy . With more than 90 % of goods and services travelling via this route , global sea trade remains a significant driver in the delivery of high-quality products and services . Headquartered in Hong Kong , The Caravel Group , taking its name from 15th century trading vessel , ‘ the caravel ’, has played a key role in the facilitation of global seaborne trade , with strategic locations situated in China , Cyprus , India , Indonesia , the Philippines , Singapore , Switzerland , the United Kingdom and the United States .
While the group is no stranger to increasing competition across the shipping industry , changes in requirements from industry participants , increasing and changing regulatory regimes and pricing pressures have created a seismic shift in expectations from the industry , with digitisation expected to be the driver of change .
“ What makes us unique is our range of qualities : from our agility and spirit , our entrepreneurial drive , integrity and transparency in our operations , as well as our diverse set of business operations across the value chain , which allows us to provide integrated solutions . We are a large company , with the energy
MARCH 2019