The amount raised represents 53% of the $202m that the company expects to raise from its capitalization exercise.

The latest fund raiser sees the Quinenco Holdings, the controlling shareholder of the shipping company, increased its stake to 50.9%.

CSAV said the remaining shares will be offered again to shareholders in a second pre-emptive right period, which will begin on 7 August.

The purpose of the capital increase, which was approved by shareholders in March, is to complete the financing for seven new 9,300-teu vessels.

They