News / News that CSAV is the least profitable boxline overshadows Hapag-Lloyd merger

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The scale of the challenge facing Hapag-Lloyd’s management team overseeing the integration of CSAV has been underlined by new research from Alphaliner which shows how the Chilean carrier was the least profitable shipping line in the first half of this year.

Alphaliner surveyed 17 carriers that had delivered first-half results, and CSAV came bottom, with a negative operating margin of -7.8%, compared with an industry average of -0.5%.

And despite an overall rebound in global trade, CSAV’s first-half performance was even worse ...