Danish Ultrabulk Shipping achieved an operating profit (EBITDA) of USD 21.9 million in 2013, compared to USD 19.7 million in 2012. The result stems from a significantly increasing revenue - at 28 percent, due to a higher number of ships in the carrier's dry bulk fleet - from USD 692 million in 2012 to USD 885 million last year.
Since Ultrabulk published its annual report 2013, the company has ordered five additional newbuildings, and canceled a single newbuilding, as the shipyard concerned was not able to provide the necessary guarantees. The new ships will be built at a Japanese shipyard. The order includes two Handysize and an option for a third, at 38,000 dwt, to be delivered in 2015, one 61,000 dwt Supramax to be delivered in 2015, and one 82,000 dwt, scheduled for delivery in 2016.