In his early business career Mr Fiyaz built a substantial shipping business and the industry continues to be a major part of his commercial plans.

Anticipating the opportunities arising from the expansion of India and China two decades ago, Mr Fiyaz built a significant vessel-fleet operating dry bulk carriers for the transportation of iron ore, coal, grain, bauxite, phosphate, fertilisers and steel, profiting from the surge in freight rates at the time.

In 2007 he merged his shipping interests with Global Oceanic Carriers, a London AIM-listed operator. His interests were sold in 2008.

Mr Fiyaz and his advisory team continue to believe that further investment opportunities exist in the sector, despite the current cooling in freight rates. The team is maintaining its long-standing relationships with charterers, operators, brokers, classification societies and insurers in anticipation of expanding its vessel portfolios in the coming years.