CHILEAN carrier CSAV has raised a further US$129 million in share sales to total US$788 million towards its $1.2 billion capitalisation.

The troubled South American carrier's aim is to create a separate entity for its SAAM, its port and terminal business, build on joint operations with other carriers and increase its owned fleet which totals 52,221 TEU by 30 per cent by June. Its chartered fleet stands at 71 vessels of 312,027 TEU alongside an orderbook of four vessels of 36,000 TEU, reports Paris-based Alphaliner.



The Chilean mining and industrial group Luksvik took a 10 per cent and then eight per cent share through its holding company Quinenco in March and April 2011 at a total cost of $120 million. It announced the capital increase of a US$1 billion in two equal tranches in a deal expected to close next month.