ShippingWatch

Ultrabulk back in black in 2012

Dry bulk shipping company Ultrabulk finished 2012 with a result of USD 14.1 million after taxes. The shipping company also informs that it has contracted three newbuildings in the first quarter of 2013.

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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