Independent journal on economy and transport policy
07:05 GMT+1
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Chilean CSAV has closed the first trimester of this year with a net loss of -26,9 million dollars
the result negative is attributable mainly to the loss recorded in the segment of the line transport
May 27, 2016
The shipowning society Chilean Compañía American South de Vapores (CSAV) has concluded the first trimester of this year with a net loss of -26,9 million dollars respect to a profit clearly of 70,3 million dollars in the first three months of 2015. The result negative is attributable mainly to the loss of -21,1 million dollars respect to a profit of 70,5 million dollars recorded in the single segment of the line transport, section in which CSAV work indirectly through the participation to the capital of the shipowning company German Hapag-Lloyd. CSAV in fact, through branch German CSAV Germany Holding Container GmbH, stops 31.35% of the capital stock of the Hapag-Lloyd, quota that the South American group at the end has acquired in the within of the fusion of the respective segments of activity in the field of the marine transport containerized capacity to term of 2014 ( on 2 December 2014). We remember that Hapag-Lloyd has archived item the first three months of this year with a net loss of -42,8 million euros ( on 13 May 2016).
In the first trimester of the 2016 revenues of the CSAV they are piled to 32,1 million dollars, down of the -55,1% on the first trimester last year. The operating costs are diminished of the -47,5% attesting itself to 37,1 million dollars and the operating result has been of sign negative for -7,8 million dollars respect to a result negative for -2,8 million dollars in the first three months of 2015.
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The shipowning society Chilean Compañía American South de Vapores (CSAV) has concluded the first trimester of this year with a net loss of -26,9 million dollars respect to a profit clearly of 70,3 million dollars in the first three months of 2015. The result negative is attributable mainly to the loss of -21,1 million dollars respect to a profit of 70,5 million dollars recorded in the single segment of the line transport, section in which CSAV work indirectly through the participation to the capital of the shipowning company German Hapag-Lloyd. CSAV in fact, through branch German CSAV Germany Holding Container GmbH, stops 31.35% of the capital stock of the Hapag-Lloyd, quota that the South American group at the end has acquired in the within of the fusion of the respective segments of activity in the field of the marine transport containerized capacity to term of 2014 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
