CCNI

CCNI is an international shipping company that provides maritime transport services primarily between the West Coast of South America, Eastern countries, Europe, Central America, and North America. Established in 1930, the Valparaiso, Chile-based company recorded 2013 revenues of $841.47 million — down 8.3 percent year-over-year. The company recorded a net profit of $0.16 million, down 98.3 percent from the previous year’s net profit of $9.32 million.

CCNI, the 33rd-largest container line by fleet size according to Alphaliner, is part of the Empresas Navieras holding, whose subsidiary companies form a chain of cargo transport services. The Chilean shipping company operates 14 vessels, all chartered, with a combined capacity of nearly 50,000 TEUs as of Aug. 15, 2014, with a total volume of 96,024 TEUs transported in 2013. The company also has 236 points of sale distributed throughout 58 countries, and a global network of 180 agency offices.

CCNI was the 32nd-ranked container carrier in U.S containerized import trade in 2013, with volume of 34,583 TEUs, up 7.1 percent year-over-year, giving it market share of 0.2 percent. It was No. 36 in U.S. containerized export trade in 2013, with volume of 37,458 TEUs, down 13.6 percent year-over-year and market share of 0.3 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

In July 2014, German ocean carrier Hamburg Süd signed a preliminary agreement to acquire CCNI’s container operations, effective Dec. 31, 2014.

15 Oct 2014
A record number of ship deliveries will combine with declining scrapping rates and mid-single-digit growth in volume to extend the gap between container ship supply and demand through 2015, according to a leading maritime research consultant.
Images for weekly wrap-up
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
Hamburg Sued ships
25 Jul 2014
Hamburg Süd has signed a preliminary agreement to acquire the container operations of the Valparaiso, Chile-based Compañía Chilena de Navegación Interoceánica, or CCNI, by Dec. 31, 2014.
19 Feb 2014
A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.