CSAV FY 2021 Financial Results - Hapag-Lloyd Performance

CSAV reported US$3.21 billion in profits for FY 2021, driven by strong performance of its main investment Hapag-Lloyd amid elevated freight rates. The company benefited from 81% year-over-year growth in freight rates and completed strategic acquisitions including NileDutch and DAL to expand African trade operations. CSAV is investing in fleet expansion with 350,000 TEU in new vessels and 200,000 TEU in new charters planned for 2022-2025.