18/03/2014at 09:05

Ultrabulk grows fleet with five newbuildings

Ultrabulk Shipping, which at one time operated 140 ships, finished 2013 with an operating profit of USD 21.9 million.

BY OLE ANDERSEN

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.

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