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.

19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
12 Dec 2014
Although Hapag-Lloyd announced the completion of its merger with Chilean carrier CSAV on Dec. 2, it must still navigate the rocky shoals created by the two carriers’ combined losses and heavy debt load.
10 Dec 2014
Hapag-Lloyd and CSAV will launch new joint services between March and June, the carriers said today after unveiling new-and-improved service loops.
05 Dec 2014
This week’s top 10 stories on JOC.com makes one thing abundantly clear: All eyes are on the U.S. West Coast labor negotiation. The top three stories all centered around negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union. Several other stories stayed on the familiar topic of West Coast port congestion and the shakeups it has caused in supply chains. Several other business news items also crept into the list.
02 Dec 2014
Ongoing congestion at the ports of Los Angeles and Long Beach continued to hurt the schedule of reliability of carriers calling the largest port complex in the Americas last month, according to SeaIntel Maritime Analysis’ latest Global Liner Performance Report.
02 Dec 2014
The merged carrier will have a fleet of around 200 ships with a combined capacity of around one million TEUs transporting some 7.5 million TEUs a year and generating annual revenue of $12 billion.
21 Nov 2014
Hapag-Lloyd and CSAV just need approval from Ukraine and China to merge and create the fourth-largest container lines, after Mexican regulators gave the tie-up the green-light this week.
13 Nov 2014
Hapag-Lloyd sank into the red in the third quarter on the eve of sealing a merger with CSAV that will create the world’s fourth largest ocean container carrier.
13 Nov 2014
CSAV, nearing its merger with Hapag-Lloyd, cut its third quarter operating losses by 24 percent year-over-year but still ended the third quarter in the red, the Chilean carrier announced said Wednesday
04 Nov 2014
Hapag-Lloyd is a step closer to merging with CSAV after Brazilian regulators gave the go-ahead for the duo to create the fourth-largest container line in the world.
Container lines’ global schedule reliability from January 2012 through September 2014.
03 Nov 2014
Shippers are enduring the worst bout of congestion at Los Angeles-Long Beach in years, but some analysts who follow container shipping say the situation will soon improve.
27 Oct 2014
CSAV, in the process of being absorbed by Hapag-Lloyd, has added two new weekly loops, Sling 2 and Sling 3, to its IMEX service linking the Indian subcontinent, the Middle East and North Europe.