TheSantiago-listed carrier reported a deficit of $46.7m for the three months to 30September, versus a gain of $55.8m in the same period a year prior.
CSAV,which blamed the result on lacklustre freight rates, said the operating loss amountedto $40.1m in the third, against operating income of $35.7m in the comparable legof 2012.
In astatement chief executive Oscar Hasbun indicated that rates have been on therise in recent weeks and said he is confident the trend will improve hiscompany’s results “toward the first quarter of 2014” if upward momentum ismaintained.
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