Port closures made Ultrabulk nervous: "We became overly cautious"

Ultrabulk for a period of time turned down business in an effort to protect itself as much as possible against uncertainty created by the coronavirus. The result was lost opportunities, CEO Per Lange tells ShippingWatch.

Photo: PR / Ultrabulk

Everything came almost at the same time. India closed ports. The same happened in Peru, and ports in South Africa also closed.

Meanwhile, ports in Australia, Turkey, Panama and a series of other countries implemented quarantine rules for ships and crews.

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