CSAV has raised $108 million from its shareholders to enable it to complete the financing for seven container ships under construction and to meet conditions of its planned merger with German container line Hapag-Lloyd.
20 Mar 2014
Shareholders of Chilean ocean carrier CSAV are expected to approve tomorrow a possible merger with Hapag-Lloyd that would create the world’s fourth largest container shipping line.
13 Mar 2014
U.S. containerized import volume fell 7.2 percent year-over-year in February 2014, according to advance figures from PIERS, the data division of JOC Group Inc.
18 Feb 2014
U.S. containerized import volume rose 6.2 percent year-over-year in January 2014, according to advance figures from PIERS, the data division of JOC Group Inc. Imports totaled 1.58 million TEUs in January. January imports were up roughly 10 percent from containerized volume in December.
14 Feb 2014
Chilean carrier CSAV said it plans to add up to $600 million in capital to complete the financing of ships under construction and to help finance a proposed merger with German shipping line Hapag-Lloyd.
17 Jan 2014
More than a dozen ongoing port strikes across Chile are threatening copper, fruit and other exports from the South American country, according to multiple news agencies.
05 Dec 2013
Hapag-Lloyd and CSAV are in talks over a possible merger that would create the world’s fourth largest ocean carrier.
26 Nov 2013
Compañía Sudamericana de Vapores reported a net loss of $46.7 million in the third quarter of 2013, compared with a net income of $55.8 million in the same period in 2012.
15 Nov 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November, December and January.
13 Nov 2013
U.S. containerized exports jumped 8.2 percent year-over-year in August, to 1,073,240 20-foot-equivalent units, according to preliminary figures from PIERS, a JOC sister company. This was the highest number of exports within a month since March 2012.
07 Nov 2013
U.S. containerized imports climbed 5.2 percent year-over-year in August, according to advance figures from PIERS, a JOC sister company. U.S. containerized imports totaled 1.62 million 20-foot-equivalent units in August. This was the largest year-over-year jump since February 2013.