ShippingWatch

Ultrabulk fighting for every single order

Maneuvering the current dry bulk market is a daily struggle from door to door, Ultrabulk CEO Per Lange tells ShippingWatch following publication of the carrier's interim report, even though the result, in light of the market situation, is satisfactory.

Photo: Ultrabulk

Ultrabulk is working at full speed at the carrier's headquarters in Gentofte, north of Copenhagen. The Chilean-owned but Danish-based dry bulk carrier published its second quarter interim report last week, with a bottom line deficit of USD 800,000. And even though this represents an improvement from the USD 1.5 million deficit in the first half of 2014, the carrier finds itself fighting for every single order these days, CEO Per Lange (photo below) tells ShippingWatch.

"It's a struggle from door to door, and it's certainly not easy to maneuver in the current market. But there's a positive atmosphere at the office. We're pleased with our new MPP activity," he says, referring to the carrier's new multi-purpose service between Europe and Africa, launched back in March with former employees of bankrupt Copenship.

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