CSAV Group

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.

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.

A Wallenius Wilhelmsen ship.
24 Aug 2018
Like much of global trade, pent-up demand and emerging market country development, among other economic fundamentals, bode well for the roll-on, roll-off sector’s growth prospects in the immediate years ahead, if the threat of tariffs subsides.
20 Jan 2017
Vehicle buyers and dealers sought treble damages.
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.
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.
20 Oct 2014
The South Carolina Ports Authority today received the first ship call of a new consolidated South American east coast service that brings additional post-Panamax vessels to Charleston.
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.
14 Oct 2014
Even as Hapag-Lloyd and CSAV reach the homestretch in merging, Rolf Habben Jansen, CEO of the German carrier, said Wednesday not to expect container line consolidation to speed up in the coming years.
12 Oct 2014
Hapag-Lloyd is looking for a safe haven. Like many of its rivals, the German carrier is seeking that haven in the form of new or enlarged alliances. But it's taking the pursuit for stability even further, restructuring its ownership and bringing in a new CEO who will steer the carrier into new routes, new ships and a merger that will elevate the fourth-largest container line by capacity.
Weekly wrap-up: ILWU-PMA talks, 2M’s FMC approval and intermodal troubles
11 Oct 2014
Events on the U.S. West Coast dominated on JOC.com this past week, as labor negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association could finally be heating up. Five of the Top 10 stories on JOC.com in the past week focused on the issue.
Hapag-Lloyd's Hamburg Express container ship
14 Sep 2014
Container freight rates will stabilize and may trend upward over the next few years despite the existing overcapacity of vessel space because of the expansion of existing carrier alliances and the creation of new ones, according to Rolf Habben Jansen, CEO of Hapag-Lloyd.
Hapag-Lloyd container ship in Hamburg
11 Sep 2014
EU antitrust authorities on Thursday gave Hapag-Lloyd the approval it needed for a merger with Chilean carrier CSAV.
Weekly wrap-up: Top 50 container ports, carrier earnings and congestion
06 Sep 2014
Three container lines that have yet to declare their allegiance to an east-west alliance — CMA CGM, United Arab Shipping Co. and China Shipping Container Line — will soon announce...
03 Sep 2014
Ocean carriers’ operating margins in the first half of the year veered widely from top-ranked Maersk Line’s positive 7.3 percent to a negative 7.8 percent at Chile’s CSAV, according to industry analyst Alphaliner.