Search results for: CSAV

827 results

A list of search results

  • 16 April 2014
    Business & Finance

    Samsung Heavy Industries (SHI) said today that the construction of CSAV’s seven 9,300 TEU container ships is going according to schedule. The shipbuilder announced today in its regulatory filing to the Korea Stock Exchange that CSAV’s $617.67 million worth project is on track. The newbuilds are scheduled to be delivered from the end of 2014 […]

  • 3 December 2014
    Business & Finance

    Hapag-Lloyd and the Chilean Compañía Sud Americana de Vapores (CSAV) are joining forces, by merging CSAV´s container business activities into Hapag-Lloyd, becoming the fourth-largest liner shipping company in the world, the German company said in a release. The merger of Hapag-Lloyd AG with the container business activities of the Chilean shipping company founded in Valparaíso, […]

  • 17 April 2014
    Business & Finance

    Hapag-Lloyd AG and Compañía Sud Americana de Vapores (CSAV) have signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd. Following the integration, the new Hapag-Lloyd will rank among the four largest liner shipping companies in the world, with some 200 vessels with total transport capacity of around one million TEU, an annual […]

  • 4 April 2013

    The Board of Directors of Compañía Sud Americana de Vapores S.A. (CSAV) approved yesterday an investment plan of US$ 570 million consisting in the acquisition of seven new containerships and the prepayment of a debt facility of US$258 million at a significant discount. The 9,300 Teu vessels will be built by Samsung Heavy Industries (SHI), […]

  • 4 April 2013
    Business & Finance

    The Board of Directors of Compañía Sud Americana de Vapores S.A. (CSAV) has approved yesterday an investment plan of US$570 million consisting in the acquisition of seven new containerships and the prepayment of a debt facility of US$258 million at a significant discount. The 9,300 TEU vessels will be built by Samsung Heavy Industries (SHI), […]

  • 29 January 2020
    Business & Finance

    CSAV has acquired an additional stake in Hapag-Lloyd, becoming the majority shareholder in the German shipping major. 

  • 28 January 2020
    Business & Finance

    CSAV is to close its maritime vehicle transport (RoRo) business and focus on its container shipping business.

  • 24 March 2014
    Business & Finance

    A merger between Chilean shipping company, Compañía Sudamericana de Vapores (CSAV) and the German company Hapag Lloyd is one step closer to being reality. In a Special Shareholders Meeting, held last Friday in Valparaíso, an 84.5% of CSAV’s total shareholders approved the merger of the company’s containership business with Hapag Lloyd. The meeting had a quorum […]

  • 22 December 2014
    Business & Finance

    German liner shipping company Hapag-Lloyd completed the planned capital increase of EUR 370 million (USD 453.5m) as part of the business combination with the Chilean shipping company Compañía Sud Americana de Vapores (CSAV). As planned, CSAV subscribed to EUR 259 million (USD 317.5m) and Kühne Maritime made a cash contribution of EUR 111 million (USD 136m). […]

  • 22 August 2011
    Business & Finance

    Port of Salalah has received the maiden call from global shipping line CSAV (CompañíaSud Americana de Vapores). CSAV is a Chilean shipping… (omanobserver) [mappress] Source: omanobserver, August 22, 2011;

  • 16 April 2013
    Business & Finance

    South Korean-based Samsung Heavy Industries (SHI) and Compañía Sud Americana de Vapores S.A. (CSAV) of Chile entered yesterday, April 15th, into a shipbuilding contract worth approx $576.5 Mln. According to the contract, announced on KRX, the shipbuilder will build seven 9,300 Teu containerships for the Chilean shipper. CSAV is going to finance the newbuilding order […]

  • 16 January 2015
    Business & Finance

    Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has raised a total of USD 357 million from its share offering. The shipping company’s shareholders subscribed and paid approximately 10.420 million shares at a price of USD 21 each. The proceeds represent 89% of the company’s total capitalization worth USD 400. The controlling shareholder, Quiñenco, subscribed all the […]

  • 27 March 2015
    Business & Finance

    German shipping company Hapag-Lloyd posted a net loss for 2014 of EUR 603.7 million, a considerable dip from 97.4 million loss in 2013. The company said that its result was heavily influenced by one-off effects, primarily the costs of acquiring and integrating CSAV’s container liner shipping activities and an impairment recognized for a portfolio of old ships. The plummeting price […]

  • 8 October 2013
    Business & Finance

    As part of its fleet expansion strategy, Compañía Sudamericana de Vapores S.A. (CSAV) has successfully completed its banking finance plan for the acquisition of seven new 9,300 TEU vessels with the signing of a loan facility for US$ 347 million with six banks, to be disbursed on the delivery of the vessels. The purchase of […]

  • 24 April 2019
    Business & Finance

    CSAV referred to the Competition Tribunal of South Africa for collusive tendering, price fixing and market division.

  • 26 March 2015
    Business & Finance

    The Gulf Bridge Express Service by Chilean shipping company, Compañía Sudamericana de Vapores (CSAV)  will shortly be terminated with the last roundtrip voyage. The last voyage is going to be sailed by MV Saint Nikolaos bound for New Orleans on April 22, 2015, Hapag-Loyd said. As informed, GCS and the GS1 will cover alternative services from and to the Gulf ports […]

  • 23 January 2014
    Business & Finance

    The talks between Hapag-Lloyd and CSAV about combining the container liner shipping activities of CSAV with Hapag-Lloyd are going into the next phase. Both companies have signed a Memorandum of Understanding (MoU) which is not binding. As the next step, the due diligence will take place, after which a binding contract could follow. Hapag-Lloyd, January […]

  • 26 August 2015
    Business & Finance

    German container line Hapag-Lloyd has managed to shake off EUR 173.3 million loss recorded in the first half of 2014, and end the first half of 2015 with EUR 157.2 million profit, due to a jump in transport volumes and revenue brought by the merger with Chile’s Compañía Sud Americana de Vapores (CSAV). The transport volume increased […]

  • 16 April 2013

    South Korean-based Samsung Heavy Industries (SHI) and Compañía Sud Americana de Vapores S.A. (CSAV) of Chile entered yesterday, April 15th, into a shipbuilding contract worth approx $576.5 Mln. According to the contract, announced on KRX, the shipbuilder will build seven 9,300 Teu containerships for the Chilean shipper. CSAV is going to finance the newbuilding order […]

  • 26 August 2015
    Business & Finance

    German container line Hapag-Lloyd has managed to shake off EUR 173.3 million loss recorded in the first half of 2014, and end the first half of 2015 with EUR 157.2 million profit, due to a jump in transport volumes and revenue brought by the merger with Chile’s Compañía Sud Americana de Vapores (CSAV). The transport volume increased […]

  • 30 October 2014
    Business & Finance

    Compañía Sudamericana de Vapores (CSAV) has christened the first two out of seven 9,300 TEU container ships ordered at Samsung Heavy Industries. CSAV said that the latest additions, named Copiapó and Cautín will have the main engine fuel consumption approximately 7% less than the vessels received from 2011 and around 25% lower than the average of vessels […]

  • 13 May 2015
    Business & Finance

    German container line Hapag-Lloyd ended the first three months of 2015 with a EUR 128.2 million (USD 144.2 million) net profit, shaking off the memories of the same period a year earlier, when the carrier saw a USD 119 million net loss. The improved results were chalked up to a rise in transport volume and revenue year-on-year […]