CSAV narrows losses

South America

Tuesday, September 04, 2012

The liner carrier CSAV said Tuesday it had first-half operating losses of $265 million, 55.7 percent lower than in the same period in 2011. Revenue for the Chile-based carrier fell 32.5 percent to $1.8 billion. First half volume fell 52.7 percent to 820,200 TEUs. CSAV’s second quarter was much stronger than a year prior, with the line losing $61.7 million from operations, compared to $381.4 million in the same period in 2011. “Losses from d...

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