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Ultragas after major loss: 2018 will be better

Ultragas exited 2017 with a deficit twice as large as the firm's 2016 loss. Improved market conditions now lead management to expect a "significantly improved result in 2018".

Photo: Ultragas
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The deficit at Ultragas more than doubled from 2016 to 2017.

The executive management at Ultragas attributes the loss to the tough market conditions with declining prices on crude oil and thus lower exports of LPG for particularly the large gas vessels in the Ultragas fleet.

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