Norasia announced brand will be changed to CSAV NORASIA. The company declared reasons for the change are due to reflect the new spirit of the organization as faces the challenges of globalization.

President & CEO, CSAV NORASIA, Mr. Guillermo Ginesta announced: " Business will remain as usual and will continue to improve. We will continue to concentrate on providing outstanding service, understanding and anticipating on clients needs, while at the same time extending our reach and making ourselves an invaluable part of supply chain."

Mr. Ginesta continued: "CSAV NORASIA appreciates and values our customers' business in every market that we participate in. We will reinforce our knowledge about your requirements and expectations by knowing, understanding, working, and thinking in terms of our customers. "

In June 2000 CSAV acquired Norasia, allowing it to enter the main East-West trades, while maintaining its focus on its other activities. Since the acquisition, Norasia has grown dramatically, backed by CSAV's resources.

Compañía Sudamericana de Vapores (CSAV) is a Chilean publicly traded shipping company, presently the largest in Latin America. CSAV, one of the oldest shipping companies in the world, was founded in 1872. Operating across five continents, it offers regular, fixed container services and the ability to carry a wide variety of conventional cargoes.

CSAV NORASIA is the result of the integration of CSAV and Norasia. The Company has global connections and operates in over 50 countries worldwide, with representation in more than 300 locations and owned offices in key locations globally. Their container fleet of both owned and leased containers is mainly composed of standard dry containers - 20 foot and 40 foot - reefers, and specialized containers.