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Upturn surprises Ultrabulk: "We did not expect the quarter to be this strong"

While several dry bulk players report of great progress, dry bulk operator Ultrabulk sets forth a more cautious approach. "We probably didn't profit optimally in the first quarter," says CEO Per Lange to ShippingWatch.

Dry bulk operator Ultrabulk is off to a good start in 2021, even though the company did not profit optimally in the first quarter, says Per Lange, CEO of Ultrabulk. | Photo: Ultrabulk / PR

The dry bulk market got off to an exceptionally good start in 2021, and this was felt at Denmark-based Ultrabulk.

But even though the first quarter saw an upturn in business for the dry bulk operator, CEO Per Lange thinks the company could have profited more optimally in the first three months of the year, he tells ShippingWatch in an interview.

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