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CSAV in talks with MSC, CMA CGM

CSAV in talks with MSC, CMA CGM

   Chilean shipping company CSAV said it is negotiating with Mediterranean Shipping Co. and CMA CGM about joint operating agreements or consortia in some services.

   It said services being discussed include routes between Asia and Africa, Brazil and the Mediterranean, the Pacific Coast of South America and North Europe, and the East Coast of South America and the Middle East.

   CSAV said the discussions are in line with a strategy outlined by its board and management increase profitability, reduce volatility of results and exposure of the company.