Ultrabulk hit by dreadful bulk market

Long-term contracts pushed the Chilean carrier to a small operating profit in the first six months of the year, but market conditions are tougher than expected, says CEO Per Lange.

BY OLE ANDERSEN

Chilean Ultrabulk, which is based in Gentofte near Copenhagen, achieved a slight operating profit (EBITDA) of USD 1.1 million, and a bottom line deficit of USD 800,000 in the first half of 2015, a period that brought a significant decline in revenue.

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Ultrabulk hit by dreadful bulk market

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Ultrabulk: Our business model can survive the crisis

Ultrabulk hires Copenship employees for new unit

Ultrabulk: Oil slide kindles overcapacity problems

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Front page now

Panama Canal once again limits the daily number of ships

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs