CSAV's recovery programme seems to be working if the monthly revenue of US$1,797 per TEU is anything to go by, says London's Containerisation International, adding that that level or return has not been achieved by the troubled Chilean carrier since late 2010.

CSAV's "evolution of liftings" charts the dramatic decline in the liner's throughput following its strategy to dispense with uneconomic services and/or slot charter business to reduce exposure.

Only 146,000 TEU was carried by CSAV in March compared to the 309,000 TEU peak a year previously at the height of its expansion, said the report.