Independent journal on economy and transport policy
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In the first three months of 2013 Chilean CSAV it has reduced the net loss of 53%
The operating liabilities (to clearly of billetings for 40 million dollars) have recorded an improvement of 69%
May 29, 2013
The shipowning group Chilean Compañía American South de Vapores (CSAV) has closed the first trimester of the 2013 with a net loss of -96,0 million dollars on an operating revenue of 877,1 million dollars respect to a net loss of -202,9 million dollars on an operating revenue of 844,0 million dollars in the first three months last year. The South American company has specified that the result of the first quarterly one of 2013 includes billetings for 40 million dollars deliberated from the board of directors in order to cover the eventual costs to which the company could have to tackle which turned out of the conclusion of the investigations on the violation of norms antitrust in the segment of the marine transport of automobiles.
The operating result of the first trimester of 2013, to clearly of such billetings, has been of sign negative for -54,2 million dollars respect to operating liabilities of -176,8 million dollars in the same period of 2012. The managing director of the CSAV, Oscar Hasb ún, has emphasized as the improvement of 69.3% of the operating result is determined by a positive development of the conditions of the market and by a greater efficiency from the point of view of the costs: "this that we consider is more important - it has explained - is our perspectives in the long term. For another consecutive trimester CSAV it has a structure of the costs more efficient regarding the historical performances of the company. The situation of the field - it has continued Hasbún - continues to show a volatility which turned out of the excess of offer and the news on the total economy and, as we have already announced, the continuous year to difficult being. However - it has specified - we preview that the weakening of the position financial institution of great part of the operators of the field will constitute a factor that in the next trimesters will allow with the hires to raise itself regarding the their current level".
In the first trimester of this year the fleet of portacontainer of the Chilean company has transported cargo volumes 436.500 pairs to container teu, with a bending of 12.7% regarding 499.800 teu in the first three months of 2012.
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The shipowning group Chilean Compañía American South de Vapores (CSAV) has closed the first trimester of the 2013 with a net loss of -96,0 million dollars on an operating revenue of 877,1 million dollars respect to a net loss of -202,9 million dollars on an operating revenue of 844,0 million dollars in the first three months last year. The South American company has specified that the result of the first quarterly one of 2013 includes billetings for 40 million dollars deliberated from the board of directors in order to cover the eventual costs to which the company could have to tackle which turned out of the conclusion of the investigations on the violation of norms antitrust in the segment of the marine transport of automobiles.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
