Compañía Sudamericana de Vapores S.A. (CSAV) develops its main business, containerized freight transport, through its interest in the German shipping company Hapag-Lloyd AG (Hapag-Lloyd).

CSAV is an open-stock company that has traded its shares since 1893. Quiñenco first invested in CSAV in 2011, and holds a 66.5% stake as of December 2024. With 30.0% of the share capital as of December 31, 2024, CSAV is one of Hapag-Lloyd’s main shareholders, maintaining significant influence and control jointly with the City of Hamburg and Kühne Maritime, under a shareholders’ agreement which allows them to control 73.6% of the company’s ownership.

Hapag-Lloyd operates a global network of more than 110 liner services with connections between all continents and 400 offices in 139 countries.

In May 2017, Hapag-Lloyd materialized a merger with United Arab Shipping Company (UASC), thus becoming one of the five main container ship companies worldwide. Due to the merger, CSAV’s stake in Hapag-Lloyd decreased to 22.6%, increasing to 27.8% at year end 2019.

During the first quarter of 2020, CSAV acquired an additional stake in Hapag-Lloyd, reaching 30.0% ownership.