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.

Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
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.