News / Loss-making CSAV revamps liner division to prepare for merger with Hapag-Lloyd

17/06/2014

In preparation for its container business merging into a “new” Hapag-Lloyd this year, troubled Chilean carrier CSAV is restructuring its liner business, according to Alphaliner.

It is part of a three-year-old plan designed to increase efficiency and boost profits.

The transport analyst says that ahead of the takeover, which will initially see CSAV as a 30% shareholder of the new entity, the carrier will divide its liner shipping activities into two companies: Norasia Container Lines (NCL) and CSAV Austral (SUAU), with the majority ...

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Ricky Forman
June 17, 2014 at 3:27 pm
The carrier community needs to realise that focusing on unit costs are only half the battle. Declining rates have more of an impact to the bottom line. Carriers need to be aware that they can hedge their income at levels much higher than agreed physical contract rates and therefore focus efforts on both sides of the equation. Where is the shareholder value coming from when Carriers do next to nothing to stop rate declines? Why would i invest into a company that wasn’t in control of its income and cashflow?

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