In spite of achieveing extremely poor financial results in recent years, and being one of the Top 20 carriers to have performed worst during the crisis, Chilean CSAV has developed into a strong niche player in South America and in reefer transports on the north-south routes, says Lars Jensen, partner and CEO of analysts SeaIntel, in a comment on the current merger talks taking place between Hapag-Lloyd and CSAV, talks that were confirmed by both parties in separate statements published late Wednesday night.

CSAV becomes a niche player