In sight of the imminent performance of the project of fusion Hapag-Lloyd and CSAV the results of the third trimester anticipate



The shipowning society German Hapag-Lloyd and that South American Compañía Chilean of Vapores (CSAV) previews that the planned fusion of the respective activities of containerized marine transport, that it will be put into effect through integration of such operating segment of the South American company in that of the European company, could be realized in the next weeks once concluded the phase of approval by the interested authorities antitrust ( on 17 April 2014).

While the two companies have archived item the third trimester of this year with different evolutionary trends of the respective economic results. Hapag-Lloyd has closed the period with a net loss of -50,7 million euros respect to a profit clearly of 16,6 million euros in the period July-september of 2013. The revenues have recorded an increment of +1.0% to 1,68 billion dollars, while the operating expenses have grown of +2.4% to 1,46 billion dollars. EBITDA and EBIT have been attested respective to 111,4 million euros (- 16.6%) and 23,6 million euros (- 61.4%).

"Even if draft of a first step - the managing director of Hapag-Lloyd has commented, Rolf Habben Jansen - we have in the right direction not been satisfied of the result. However we are on a good road. We preview - it has explained - than 2015 will be another difficult year. But we have good reasons in order to look ahead with optimism. With the activity in the field of the container of the CSAV - it has specified Jansen - Hapag-Lloyd will become one of the supplier leaders in the important traffics North-South".

In the third trimester of the 2014 fleet of portacontainer of the Hapag-Lloyd container has transported cargo volumes pairs altogether almost 1,5 million teu, with a progression of +5.8% regarding the same period of 2013. The medium hire for container teu has turned out pairs to 1.448 dollars (- 1.9%).

If the quarterly clean economic performance of the German company has turned out down, that of the CSAV has instead shown an improvement: the Chilean society has concluded the third trimester of the 2014 with a net loss of -35,2 million dollars respect to a net loss of -46,1 million dollars in the period July-september last year. This against a decrease of the -8,4% of the revenues generated from the operating activity that is piled to 747,7 million dollars regarding 816,6 million dollars in the third trimester last year. The generated operating result from the activities in exercise and those dismesse has been negative for -26,4 million dollars respect to operating liabilities of -24,4 million dollars in the third trimester of 2013.