News / CSAV restructure navigates Chilean shipping line out of the red in Q2

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CSAV’s attempts to restructure its liner services appear to be bearing fruit after the Chilean line reported a net profit of $34.3m in the second quarter of this year, compared with the eye-watering $140.2m loss it suffered in the same period last year, and the marginally less painful $96m loss in Q1 2013.

The Q2 turnaround means the company made a first-half loss of $61.6m, compared with the $345.5m loss posted in the first half of 2012.

Key to this improvement – ...