Caravel Logistics, a multi modal transportation company based in Chennai, has launched its first cellular container vessel at Tuticorin. Addressing presspersons here on Tuesday, Saju Chacko, Chairman of the company said the ocean liner, with a capacity of 585 TEU, would be deployed on Mundra-Kochi-Tuticorin-Dubai route and would have fixed day schedule helping customers preplan their shipments with certainty of cargo movement.
BTS Investments of Switzerland has funded the acquisition by bringing in Rs. 25 crore through private equity. Source