ShippingWatch

Chilean shipping company headed out of slump

Chilean container carrier CSAV had a strong second half 2012 and seems firmly set on leaving the deep crisis following the disastrous year of 2011.

Chilean container carrier CSAV achieved a positive operational result in the 4th quarter 2012 of USD 8.4 million, though it was not enough to ward off a total deficit of USD 314 million for the year.

All in all, the numbers mark a significant progress compared to 2011, where the South American shipping company made a USD 1.25 billion deficit.

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