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Ultrabulk CEO projects profit in 2015

Ultrabulk steps up and becomes the first carrier in the extremely hard-pressed dry bulk industry to announce a projected profit for the full-year 2015. "Low bunker price and increased ship speeds are a threat," warns CEO Per Lange in an interview with ShippingWatch.

Chilean-controlled Ultrabulk expects a profit for the full-year 2015. Though minimal, the carrier anticipates a positive result of USD zero to eight million, this is is a noticeable development in an industry that is preparing for a 2016 that looks set to become worse than the nightmare year 2015.

According to Ultrabulk CEO Per Lange, the carrier's policy of maintaining "a balanced book" has helped lock down a profit in a market in which several players have surrendered, and even more are expected to throw in the towel within the next 12 months.

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