CSAV
CSAV is a Chilean publicly traded shipping holding company (founded 1872, ticker VAPORES) whose entire economic value derives from its approximately 30% stake in Hapag-Lloyd, the fifth-largest global container carrier. It serves public market investors through dividend distributions tied to Hapag-Lloyd's performance and operates no vessels directly.
- Company typePublic
- Founded1872
- HeadquartersLas Condes, Chile
- Headcount51–100
- GTM typeB2B
- OfferingServices
What CSAV does
CSAV (Compañía Sud Americana de Vapores S.A.) is a Chilean publicly traded holding company founded in 1872 and listed on the Santiago Stock Exchange under ticker VAPORES. The company does not operate vessels directly; instead, it functions as an investment vehicle whose entire economic value derives from its approximately 30% stake in Hapag-Lloyd AG, the fifth-largest global container carrier and a member of THE Alliance. Through Hapag-Lloyd, CSAV provides exposure to container and bulk shipping routes connecting South America (notably Chile's copper, salmon, and agricultural exports) to North America, Europe, and Asia. The core 'product' is dividend income and capital appreciation linked to Hapag-Lloyd's operating performance, complemented by investor relations tools (a monthly NAV calculator and a US Public Tariffs information portal) and the CSAV Foundation, a sustainability arm focused on education and community development in the port city of San Antonio, Chile.
The company's revenue model is effectively a single stream: dividend distributions and equity-method income from its Hapag-Lloyd shareholding, with no direct freight pricing, customer contracts, or shipping operations of its own. CSAV's go-to-market is investor-relations oriented — it serves public market shareholders (primarily in Chile) through quarterly and annual reports, analyst coverage, risk-rating disclosures, and an annual Global Trade Day seminar series. Headcount is modest at 51–100 employees, reflecting the holding-company structure. Its sole direct counterparties for services are corporate registrars (DCV for shareholder services) and ports/community partners (Liga Marítima de Chile, INCO, Liceo Juan Dante Parraguez, Escuela Padre André Coindre, SOFOFA, CAMPORT, Fundación del Pacífico, Kyklos, Hanseatic Global Terminals) for ESG and educational work.
Technically, CSAV operates a small digital footprint: a WordPress-based corporate website, a monthly NAV calculator reflecting the weighted market value of Hapag-Lloyd shares, corporate cash, tax assets, and corporate debt, and a public tariff lookup tool. No proprietary shipping technology, APIs, software platforms, or developer-facing integrations are offered. Reported financial scale includes NAV of US$ 7.45 billion and market capitalization of US$ 2.67 billion as of December 31, 2025, 2025 net income of US$ 213.1 million, and a US$ 82.9 million loss in 1Q26 driven by weaker Hapag-Lloyd freight rates and elevated operating costs.
CSAV firmographics
Firmographics- Name
- CSAV
- Legal name
- Compañía Sud Americana de Vapores S.A.
- Website
- https://csav.com
- Company type
- Public
- Founded year
- 1872
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CSAV is a Chilean publicly traded shipping holding company (founded 1872, ticker VAPORES) whose entire economic value derives from its approximately 30% stake in Hapag-Lloyd, the fifth-largest global container carrier. It serves public market investors through dividend distributions tied to Hapag-Lloyd's performance and operates no vessels directly.
- Ownership category
- akta.pro rank
CSAV industry classification
Industry- Product category
- Maritime Container Shipping
- NAICS
- Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)
- akta.pro primary industry
- FCL Aggregation / Co-Loading & Space Brokerage (TLACALAF)
- akta.pro secondary industry
- Multi-Country Consolidation (MCC) / Regional Hub Consolidation (TLACALAD)
Keywords
Where CSAV is headquartered
LocationHeadquarters
- HQ city
- Las Condes
- HQ country
- Chile
- HQ region
- Latin America
Offices1 record
Markets served
CSAV business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Marketing or Sales
Revenue model
- Dividend Income from Hapag-Lloyd: CSAV operates as a holding company generating revenue primarily through its approximately 30% stake in Hapag-Lloyd, receiving dividend income from the German shipping company's operations. The company closed 2025 with profits of US$ 213.1 million and reported losses of US$ 82.9 million in 1Q26.
Distribution channels1 record
Marketing channels4 records
CSAV product offering
Product offeringCore offering
CSAV (Compañía Sud Americana de Vapores S.A.) is a Chilean holding company that operates container and bulk shipping routes connecting South America to North America, Europe, and Asia. The company conducts its primary shipping operations through its approximately 30% stake in Hapag-Lloyd, operating within THE Alliance, and generates revenue primarily via dividend income from this strategic investment.
Product overview
CSAV (Compañía Sud Americana de Vapores S.A.) is a Chilean shipping company that operates container and bulk shipping routes connecting South America to North America, Europe, and Asia. The company conducts its primary shipping operations through its approximately 30% stake in Hapag-Lloyd, operating within THE Alliance. CSAV's product portfolio centers on its core shipping services (container and bulk shipping), complemented by investor relations tools (NAV CSAV calculator), customer-facing tariff information tools, and the CSAV Foundation social initiative focused on education and community development in port cities.
Differentiator
Problem solved
Functional benefit
Products and services
- Container Shipping Services
Companies that use CSAV
Customer profileSegments1 record
Ideal customer profiles2 records
CSAV technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CSAV partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Liga Marítima de ChilecoreCSAV and Liga Marítima de Chile co-organized the 5th Global Trade Day seminar 'The Logistics Supply Chain and the Threat of Organized Crime' held at the National Maritime Museum in Valparaíso, bringing together authorities, police, armed forces, and maritime-port sector representatives.
- Hapag-LloydcoreCSAV is one of the largest shareholders of Hapag-Lloyd, holding approximately 30% stake. CSAV operates within the container industry through Hapag-Lloyd, and the company reports on Hapag-Lloyd's quarterly results through its investor relations channels.
- THE AlliancecoreCSAV operates container and bulk shipping routes through Hapag-Lloyd, which participates in THE Alliance, a global shipping alliance connecting South America to North America, Europe, and Asia.
- Instituto Comercial Marítimo Pacífico Sur (INCO)minorCSAV Foundation partners with INCO on educational infrastructure projects including a multi-purpose court roofing project, virtual reality simulators for port operations room, and student mentorship programs.
- Liceo Juan Dante ParraguezminorCSAV Foundation supports HVAC and refrigeration technical education through classroom implementation projects and student visits to port facilities.
- Escuela Padre André CoindreminorCSAV Foundation partners with Escuela Padre André Coindre for sports facilities, Summer School programs, playground construction, and various educational initiatives benefiting hundreds of students.
- SOFOFAminorCSAV participates in SOFOFA's 'Empresas Abiertas' initiative, opening offices to community visits and supporting industry engagement programs.
- Fundación del PacíficominorCSAV maintains strategic alliances for dialogue and industry development through membership in Fundación del Pacífico.
- CAMPORTminorCSAV is aligned with CAMPORT as part of its commitment to sustainable development goals and port community engagement.
- Hanseatic Global TerminalsminorCSAV Foundation collaborated with Hanseatic Global Terminals Latin America - Inland Services to host San Antonio students during SOFOFA's 'Open Companies' event.
- KyklosminorCSAV collaborated with Kyklos to host a sustainability fair at Padre André Coindre School in San Antonio.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
CSAV competitors and assessment
Company assessmentRegional players
- PIL (Pacific International Lines): PIL is a Singapore-based container shipping line with strong intra-Asia and Asia–South America trade lane exposure. Comparable as a regional container carrier whose South America trade dynamics affect CSAV's underlying value driver.
Direct peers
- Hapag-Lloyd AG: Hapag-Lloyd is the world's fifth-largest container carrier and CSAV's primary investee. CSAV's NAV is overwhelmingly derived from its ~30% stake in Hapag-Lloyd, making it the most direct functional peer despite the holding-company relationship.
- Ocean Network Express (ONE): ONE is a major container carrier formed by Japanese shipping lines (NYK, MOL, K Line). Comparable as a THE Alliance member alongside Hapag-Lloyd, sharing slot-sharing economics and global network scale.
- Yang Ming Marine Transport: Yang Ming is a Taiwan-based container carrier and member of THE Alliance alongside Hapag-Lloyd. Comparable through direct alliance participation and exposure to Asia–Americas container shipping lanes.
- ZIM Integrated Shipping Services: ZIM is a global container shipping line publicly listed on NYSE. Comparable as a pure-play container shipping company whose earnings sensitivity to freight rates mirrors the dynamics driving CSAV's underlying Hapag-Lloyd exposure.
- Evergreen Marine Corporation: Evergreen is a Taiwan-based global container shipping line and a peer within THE Alliance alongside Hapag-Lloyd. Comparable through direct participation in the same alliance and exposure to the same container shipping cycle.
Emerging players
- Wan Hai Lines: Wan Hai is an Asia-focused container carrier. Comparable as a publicly listed container shipping peer whose market dynamics (rates, fleet utilization, Asia trade flows) overlap with CSAV's investee exposure.
Broad incumbents
- MSC (Mediterranean Shipping Company): MSC is the largest container line by capacity globally. Comparable as a direct competitor in the same global container shipping market that drives CSAV's underlying Hapag-Lloyd exposure.
- COSCO Shipping Holdings: COSCO is a major Chinese state-linked container carrier competing globally. Comparable as a major container line whose rates, alliance dynamics, and Asia–South America trade flows affect CSAV's investee, Hapag-Lloyd.
- A.P. Møller-Mærsk: Maersk is the global leader in container shipping and a member of competing alliance structures. Comparable because CSAV's value is driven by the same container shipping fundamentals (rates, volumes, fuel costs) that determine Maersk's earnings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
CSAV social profiles
Digital presenceCSAV financial estimates
Financial estimateRevenue estimate
Valuation estimate
CSAV leadership team
Management profileNumber of profiles
Profiles5 records
CSAV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CSAV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CSAV
What does CSAV do?
CSAV (Compañía Sud Americana de Vapores S.A.) is a Chilean holding company that operates container and bulk shipping routes connecting South America to North America, Europe, and Asia. The company conducts its primary shipping operations through its approximately 30% stake in Hapag-Lloyd, operating within THE Alliance, and generates revenue primarily via dividend income from this strategic investment.
Is CSAV a public or private company?
CSAV is a public company. It is classified as public and is currently operating.
When was CSAV founded?
CSAV was founded in 1872. It employs 51 to 100 people.
Where is CSAV based?
CSAV is headquartered in Las Condes, Chile, in the Latin America region.
How does CSAV make money?
One revenue line is on record: dividend Income from Hapag-Lloyd.
Who are CSAV's main competitors?
PIL (Pacific International Lines) is listed as a regional player. Direct peers are Hapag-Lloyd AG, Ocean Network Express (ONE), Yang Ming Marine Transport, ZIM Integrated Shipping Services and Evergreen Marine Corporation. Wan Hai Lines is listed as an emerging player. Broad incumbents are MSC (Mediterranean Shipping Company), COSCO Shipping Holdings and A.P. Møller-Mærsk.
Does CSAV have an API?
No public API is recorded for CSAV.
What industry is CSAV in?
CSAV's product category is Maritime Container Shipping. Its primary akta.pro industry code is TLACALAF, FCL Aggregation / Co-Loading & Space Brokerage, with a secondary code of TLACALAD, Multi-Country Consolidation (MCC) / Regional Hub Consolidation. Its NAICS code is 532411.