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02 August 2021 The on-line newspaper devoted to the world of transports 02:41 GMT+2

January 24, 2020

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Original news
CSAV halts its fleet of Ro-Ro ships operate shipping services directly

The Chilean group announced the decision to focus on his investment in container company Hapag-Lloyd

After announcing ten days ago an additional investment German shipping company Hapag-Lloyd ( 14 January 2019), the historic shipping company Chilean compasa Sudamericana de Vapores (CSAV) communicated the decision to withdraw from the transport sector maritime cars with the aim of focusing all of their economic and management efforts in the development of what is become its most important branch of business, that is, the investment in Hapag-Lloyd Chilean became the largest shareholder owning the 30% of the capital. In addition, CSAV recalled that it was a part of the agreement between the controlling shareholders of the German company along with the Hamburg city administration, which holds the 13.9% of Hapag-Lloyd, and the Maritime 29.6%.

CSAV specified that from a financial point of view termination of this activity will not result in costs materials given the relative consistency of the business arm for the group, which has historically accounted for less than 1% of the total CSAV's assets. However, it is necessary to highlight that, after the merger of the maritime transport business containerized Chilean group with those of Hapag-Lloyd agreed in 2014 ( 17 April 2014), that of the fleet of car-carrying ships of the CSAV was the only maritime transport business exercised directly by the South American group as well as a primary activities in this transport segment Latin America.

CSAV has also announced that it will notify its operational solutions that will be adopted by the group to ensure the continuity of their needs transport inge(s.

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