Bangkok Shipowners and Agent Association

Bangkok Shipowners and Agents Association
To represent and promote the views and policies of the Association to the Thai Government and all other governmental official and non-governmental bodies which may be concerned with shipping.
Home News World Shipping News CSAV's new business model showing gains
CSAV's new business model showing gains PDF Print E-mail
Friday, 03 February 2012 08:28
CI ONline 1/2/12
                        
The downsizing collaborating strategy of troubled Chilean liner CSAV is having a positive impact on its operational numbers, in contrast to many of its peers where continued growth has come at a price of falling average revenue.

Indeed, in December 2011, CSAV's average rate per TEU climbed to USD1,788 - its highest level for more than a year - earned from a throughput of 201,000 TEU, the lowest level since February 2010, at the start of the carrier's global expansion plan.

Moreover, compare this with NOL's final transparent operational monthly report on its APL container arm - albeit that its P12 2010 covered a six week period - where the equivalent average rate per TEU was USD1,132 [14% below P12 2011] but on a 6% period-on-period growth at 715,818 TEU.

Elsewhere, APL's average compares with OOCL's Q4 2011 USD1,054 average per TEU on liftings of 1,278,134 TEU, which however was slightly up on the Q3 USD1,095 posting, when there was a higher throughput of 1,315,496 TEU.

Nevertheless, while CSAV's business plan may be on the up its liability for a number of redundant charter ships may continue to be a drag on the bottom line for some time to come.