The result is 11.2% better than the one obtained during the first quarter this year, when the CSAV recorded a $65.9m loss.
The results were influenced by low freight rates and by the $18.6m loss for the sale of CSAV’s stake in a joint-venture with DryLog.
Nevertheless, CSAV said it achieved further improvements in unit operating costs, which it described as an essential element in its business model.
During
