ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Ane Uggla calls for policymakers to act on CO2 emissions

Ane Uggla, chair of the A.P. Moller Foundation, which is behind the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, calls for political action regarding CO2 emissions a few weeks before the next meeting in the IMO’s climate committee, MEPC.

Further reading

Related articles

Latest news

See all jobs