Mumbai: Chennai-based Caravel Logistics is now a shipowner. Yesterday it launched its first container vessel at Tuticorin. Addressing the media, Saju Chacko, chairman of the company said the German-built liner, with a capacity of 585 teu, would be deployed on a Mundra-Kochi-Tuticorin-Dubai route and would have a fixed day schedule. BTS Investments of Switzerland helped fund the acquisition
Further plans include a container freight station in Chennai and later in other parts of the country. To boost its presence and worldwide network, the company is set to open offices in China and East Africa. Senior management has also intimated further ships are likely to be bought.
Caravel will hold the mantle of world's newest containerline for just over a month as April sees the first transpacific sailing of the keenly anticipated "budget" boxline, The Containership Co. [03/03/10]
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