Circling the containerships

Oscar Hasbún, chief executive officer of the Chile-based container shipping company Compañía Sud Americana de Vapores (CSAV), said his firm has sized itself correctly and strengthened its liquidity as the liner industry enters into what looks to be another difficult year. Hasbún told American Shipper in an interview in late January that he was “absolutely optimistic” about CSAV’s future. “We’ve invested a lot of time on restructuring the new setup of the company and we are already seeing the benefits to our cost structure,” he said.