Independent journal on economy and transport policy
13:11 GMT+1
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CSAV has archived item 2011 with a heavy net loss of 1,2 billion dollars
The revenues are diminished of 1.2% to 5,1 billion dollars
February 14, 2012
The shipowning society Chilean Compañía American South de Vapores (CSAV) has closed the exercise a consisting anniversary 2011 with loss. The year has been archived item with liabilities clearly of 1.239, 5 million dollars respect to a profit of 181,5 million dollars in exercise 2010. The riclassificati revenues are piled to 5.151, 9 million dollars, down of 1.2% regarding 5.214, 6 million dollars in 2010, and the EBITDA has been negative for 919,0 million dollars respect to a positive result for 326 million dollars in 2010.
The strong loss of 2011 is generated by the activity of containerized transport. "The situation of the field - it has confirmed CSAV - has influenced very meaningfully on the activity of the company. In the course of 2010 and at the beginning of the 2011 - it has explained the shipowning company - CSAV own ability to transport has widened significantly, almost doubling the ability that it had in 2009. However the volumes associated to this increase have been meaningfully inferior to the waits generating low levels of use of the assets, similar to those found in 2009. Moreover the increasing excess of offer of ships in the field of the portacontainer has generated a competition a lot emphasized and a meaningful decrease of the rates hire in the majority of the traffics in which work CSAV. Meanwhile the remarkable increase of the costs of the fuel, because of the geopolitical instability in North Africa and in Middle East, has carried the rates hire - with exclusion of the fuel - to levels many low, still more low than those found during the crisis of 2009, the worse one than the field it has lived in its history".
We remember that last year the fleet of the Chilean company has transported containerized volumes pairs to 3.127.600 teu (+8.1%) ( on 17 January 2012). In the 2011 index of the rates relative hire to the marine transport of every container teu, characterized from CSAV calculating the medium revenue of the activity of transport of a container in the 2008 pairs to 2.000 points, it has been attested to 1.622 points regarding 1.830 in 2010. The cost of the fuel is gone up by 461 dollars/tons in the 2010 to 603 dollars/ton in 2011.
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The shipowning society Chilean Compañía American South de Vapores (CSAV) has closed the exercise a consisting anniversary 2011 with loss. The year has been archived item with liabilities clearly of 1.239, 5 million dollars respect to a profit of 181,5 million dollars in exercise 2010. The riclassificati revenues are piled to 5.151, 9 million dollars, down of 1.2% regarding 5.214, 6 million dollars in 2010, and the EBITDA has been negative for 919,0 million dollars respect to a positive result for 326 million dollars in 2010.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
