The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
24 Sep 2013
Diana Containerships, through a separate wholly-owned subsidiary, has taken delivery of the Pucon, a 2006-built post-Panamax container ship of about 6,500 20-foot-equivalent capacity.
21 Aug 2013
Compañía Sud Americana de Vapores said it hopes to raise $330 million, compared with its initial goal of $500 million, in a share offering that will run until Sept. 18.
15 Aug 2013
Compañía Sud Americana de Vapores has approved the sale of two 6,500 20-foot-equivalent unit ships, in line with the Chilean carrier’s strategy of having larger and more efficient ships.
01 Aug 2013
Compañía Sudamericana de Vapores reported its profit in the second quarter of 2013 was $34.3 million, compared with a net loss of $140.2 million in the second quarter of 2012.
03 Jul 2013
The top 21 ocean container carriers increased the combined capacity of their fleets by 6.3 percent in the past year amid slowing cargo demand, according to industry analyst Alphaliner.
11 Jun 2013
Compañía Sud Americana de Vapores will introduce regular calls at Port Klang, Malaysia; Khalifa in Abu Dhabi, United Arab Emirates; and Qingdao, China, to its Galex Sling 1 service.
10 Jun 2013
Ocean carrier efforts to shed surplus 8,000 20-foot-equivalent unit ships by dumping them in the Asia-east coast South Am
29 May 2013
Compañía Sudamericana de Vapores reported a net loss of $96 million in the first quarter of 2013, improving 53.2 percent from a net loss of $205.2 million in the first quarter of 2012.
15 May 2013
CMA CGM, Maersk Line, Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin will restructure their services between the Far East and South America’s east coast by launching three joint services in July.
14 May 2013
Compañía Sud Americana de Vapores will modify the northbound rotation of its U.S. Gulf service by introducing a direct call at Cartagena, Colombia, in replacement of Caucedo, Dominican Republic.
01 May 2013
The board of CompañÍa Sud Americana de Vapores has confirmed Francisco Pérez Mackenna as chairman and Andrónico Luksic Craig as vice chairman.