CSAV
 |
|
| Sociedad Anónima | |
| Traded as | : VAPORES |
| Industry | Shipping |
| Founded | 1872 |
| Headquarters | Valparaíso, Chile |
|
Key people
|
Oscar Hasbún Martínez, (CEO) Francisco Pérez Mackenna, (Chairman) Andrónico Luksic Craig (Vice Chairman) |
| Products |
Bulk Cars Container Reefer |
| Revenue | US$ 3.2 billion (2013) |
|
Number of employees
|
4,000+ |
| Website | www.csav.com |
CSAV (Compañía Sudamericana de Vapores) is a Chilean shipping company that is currently the largest company of its type in Latin America and also one of the oldest ones, having been founded in 1872. The company is established in the port of Valparaiso and is currently classified number 20 in the ranking of largest container shipping companies in the world (Alphaliner).
Originally, the company’s business consisted exclusively of coastal shipping, but had a rapid expansion from the west coast of South America to the Panama Canal when this was opened to regular traffic. Soon, its business expanded further to offer shipping to the rest of the world. Now, their main business is container shipping and offers others services like dry bulk, liquid bulk, refrigerated cargo and vehicle transport. CSAV, like its subsidiaries Libra, Libra Uruguay y CSAV Norasia, carry cargo mainly in containers.
The company is listed on the Santiago Stock Exchange since 1893. With over 140 years, CSAV has played a crucial role in the development of foreign trade in Latin America.
Previously owned by the Claro Group, CSAV is now controlled by the Luksic Group since February 2012.
Founded in 1872 and listed since 1893, CSAV (Compania Sud Americana de Vapores) is one of the oldest shipping lines. It is the largest shipping company in Latin America and number 20 in the world, according to Alphaliner.
CSAV, in the early years, was the only means of connectivity for Chile with distant regions in the far flung country
CSAV’s main business is container shipping, which accounts for approx. 90% of total sales. Other businesses are car carrier, non-containerized refrigerated cargo, dry bulk and liquid bulk transport. CSAV is focused on the Latin American market, which accounted for more than 70% of total traffic in 2013
In March 2011, Quinenco S.A. took a strategic decision to enter the shipping sector with its investment in CSAV, subsequently increased to 54.5%
At the end of 2013, CSAV operated 50 container ships and 32 line services (plus feeder lines) across five continents, with approximately 2 million TEUs transported during 2013 CSAV invested about U.S. $1 billion in new ships, which entered into service within the past three years. Recently the company ordered the construction of seven new ships of 9,300 TEUs each at an additional investment of U.S. $600 million. The last of these new ships will be delivered in 2015. Its new, expanded own fleet will allow CSAV to significantly reduce fuel costs and replace leases.
In 2013, CSAV’s sales amounted to approximately US$3.2 billion. The company has a presence in 115 countries, generating approximately 90% of total revenues with its own agencies.
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Wikipedia