(noun) – a small, highly-manoeuvrable Spanish or Portuguese sailing ship of the 15th-17th centuries, that is synonymous with Renaissance-era explorers, pioneering new trade routes and early globalization.
Pioneering new markets
The development around the year 1450 of the caravel – a new trading vessel that could sail into the wind – launched a wave of exploration, which we know today as the Age of Discovery.
This revolutionary ship was used by pioneering explorers such as Christopher Columbus, Vasco da Gama and Ferdinand Magellan on their voyages, discovering new lands and establishing sea routes to reach them.
The caravel played an important role in the development of global sea trade, bringing different civilizations closer and ushering in a new era of economic activity, prosperity and development around the world.
Today, as global trade patterns are again being transformed by the shift of economic power towards Asia, the Caravel Group seeks to navigate the tides of change with the speed, nimbleness and flexibility of its namesake – focusing on the world’s high-growth markets with the same adventurous spirit of discovery that drove the early explorers.