CSAV

CSAV Group is a Chilean shipping company founded in 1872, making it one of the oldest shipping companies in the world and one of the largest in Latin America. The ocean carrier has a fleet of 51 container ships, 10 car carriers, and 3 bulk. With a presence in more than 80 countries, CSAV is the 20th-largest container shipping company worldwide.

CSAV Group posted revenues of US$3.21 billion in 2013 — down 6.6 percent on a year-on-year basis. The company recorded a net loss of $169 million, down 46 percent from the previous year’s net loss of $313.6 million.

CSAV Group was the 23rd-ranked container carrier in U.S containerized import trade in 2013, with volume of 141,662 TEUs, up 2.9 percent year-over-year, giving it market share of 0.8 percent. It was No. 20 in U.S. containerized export trade in 2013, with volume of 139,198 TEUs, up 3.8 percent year-over-year and market share of 1.1 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

Shareholders of CSAV overwhelmingly  voted in favor of a planned merger with Germany’s Hapag-Lloyd that would create the world’s fourth-largest container shipping line. The planned merger was backed by 84.5 percent of CSAV’s shareholders at a special stockholders’ meeting in Valparaiso. The deal is expected to close this year.

08 Jun 2016
The U.S. Justice Department has indicted an executive for his role in roll-on, roll-off cargo price-fixing.
23 Feb 2016
Hapag-Lloyd swung into profit in 2015 as cargo volume and revenue soared in the first year of its merger with the container arm of Chile’s CSAV.
13 Jan 2016
A class-action complaint filed with the U.S. Federal Maritime Commission seeks damages for alleged shipping act violations by 10 roll-on, roll-off carriers already entangled in criminal and civil price-fixing investigations.
06 Dec 2015
Following the merger of Compania Sud Americana de Vapores, also known as CSAV, with Hapag-Lloyd and the takeover of Compania Chilena de Navegacion Interoceanica, or CCNI, by Hamburg Sud, the two Chile shipping companies are focused on domestic business.
28 Sep 2015
Hapag-Lloyd, the world's fifth-largest ocear carrier by capacity, today unveiled plans for an initial public offering before the end of the year that is set to raise around $500 million to help fund the acquisition of mega-ships and value the company at around 5 billion euros ($5.6 billion).
26 Aug 2015
Hapag-Lloyd’s integration with CSAV dominated the new entity’s first-half results, with the group posting $180 million in net profit and a 45 percent increase in revenue compared to the first six months of last year.
18 May 2015
The degree to which the Panama Canal expansion will alter the global cold chain is yet to be determined, but stakeholders are already seeing signs of a rise in business.
07 Apr 2015
Hamburg Süd led the container shipping industry in on-time service in February, putting an end to Maersk Line’s six-month hold on the top spot, according to SeaIntel Maritime Analysis.
27 Mar 2015
Hapag-Lloyd, Germany’s biggest container line, slumped to a net loss of 603.7 million euros [$652 million] in 2014 largely due to the one-off cost of acquiring and integrating Chilean carrier CSAV.
04 Feb 2015
CSAV has finalized a share auction that raised $398 million toward a capital increase in Hapag-Lloyd that will make the Chilean company the leading shareholder in the world’s fourth largest ocean carrier.
16 Jan 2015
Hapag-Lloyd will concentrate on integrating CSAV, the Chilean carrier it merged with in December, and returning to profitability, before proceeding with an initial public offering, the chief executive of Germany’s biggest container shipping line said.
19 Dec 2014
Concluding the final stage in its merger with Hapag-Lloyd, CSAV injected 259 million euros ($317 million) into the combined company and in doing so increased its shareholding to 34 percent in what is now the world’s fourth largest container line.