Independent journal on economy and transport policy
07:46 GMT+1
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In first trimester CSAV it has reduced the net loss of a third party
Revenues and costs down respective of the -15,0% and of -13,3%
May 29, 2014
In the first trimester of this year the shipowning society Chilean South American Compañía de Vapores (CSAV) has recorded a net loss of -65,9 million dollars respect to a net loss of -96,0 million dollars in the period January-March of 2013. The revenues are diminished of the -15,0% attesting itself to 745,2 million dollars. Consisting also the cost reduction that is piled to 753,8 million dollars (- 13.3%). The operating result has been of sign negative for -63,6 million dollars respect to operating liabilities of -94,2 million dollars in the first trimester last year. The liabilities before taxes have been pairs to 74,8 million dollars regarding -102,0 million dollars in the exercise precedence.
The managing director of the Chilean company, Oscar Hasb ún, has emphasized that these results are online with the forecasts of the society. "Within a situation of the hires much complex for the field - it has commented - our continuous company to show a meaningful improvement of own structure of the costs that allows us to absorb part of the deterioration of the hires".
In the first three months of the 2014 fleet of portacontainer of the CSAV it has transported cargo volumes pairs to about 445 thousand container teu, with a progression of +1.8% on the same period last year.
We remember that last month CSAV has undersigned with the German company Hapag-Lloyd a binding agreement for the possible fusion of the respective activities of containerized marine transport through integration in the specific division of the Hapag-Lloyd of the activities carried out in this field from the CSAV ( on 17 April 2014).
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In the first trimester of this year the shipowning society Chilean South American Compañía de Vapores (CSAV) has recorded a net loss of -65,9 million dollars respect to a net loss of -96,0 million dollars in the period January-March of 2013. The revenues are diminished of the -15,0% attesting itself to 745,2 million dollars. Consisting also the cost reduction that is piled to 753,8 million dollars (- 13.3%). The operating result has been of sign negative for -63,6 million dollars respect to operating liabilities of -94,2 million dollars in the first trimester last year. The liabilities before taxes have been pairs to 74,8 million dollars regarding -102,0 million dollars in the exercise precedence.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
