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CSAV makes roro exit

Photo of Sam Chambers Sam ChambersJanuary 28, 2020
123 Less than a minute

Chile’s Compañía Sud Americana de Vapores (CSAV) will drive away from the car carrier segment in the first half of this year, with top management saying the decision to exit the roro scene has been taken so that it can focus entirely on the box sector, where it is in the process of upping its stake in Hamburg’s Hapag-Lloyd to 30%.

CSAV has been cutting back its roro exposure for a number of years and currently has just two car carriers on charter from Zodiac Maritime.

CSAV, controlled by the Luksic mining family, merged its container businesses with Hapag-Lloyd in 2014.

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Photo of Sam Chambers Sam ChambersJanuary 28, 2020
123 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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