The company said the net deficit was $66m to31 March, compared to $96m in the same period of 2013.
Revenue was cut to $745m from $877m,however.
And costs rose above this figure, to $754m,against $869m in 2013.
Chilean container line CSAV has posted a reduced loss for the first quarter ahead of its merger with Hapag-Lloyd.
The company said the net deficit was $66m to31 March, compared to $96m in the same period of 2013.
Revenue was cut to $745m from $877m,however.
And costs rose above this figure, to $754m,against $869m in 2013.