CSAV losing its steam

摘要

Big chances are afoot for South America's largest shipping company, CSAV, after it called in HSH Nordbank subsidiary HSH Corporate to advise it on a new business plan to improve its recession-weakened outlook.rnOne scenario canvassed in Latin media has CSAV selling shares in other businesses and restructuring its own fleet and route network. The speculation followed CSAV's 30 January decision to increase its share capital by $200M and, as a Valparaiso source told Fairplay, to cut staff throughout the group.