
Dry bulk shipping company Ultrabulk finished 2012 with a result of USD 14.1 million after taxes. A clear improvement compared to a USD 4 million deficit in 2011.
Ultrabulk controlled a fleet of 92 ships in 2012, and had a total revenue of USD 692 million, a nine percent decline compared to 2011. According to the annual report, the decline was primarily caused by the decreasing rates in the market.
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