Ultragas saw its revenue decline in 2013

Chilean Ultragas finished 2013 with a significantly lower result than the previous year, as the market for smaller gas ships collapsed in the 4th quarter.

BY OLE ANDERSEN

Chilean-owned Ultragas, which operates a fleet of 20 LPG vessels in the 3,500 to 20,700 cbm range, finished 2013 with a negative operating result of USD 872,000, compared to an operating profit of around USD 3.4 million in 2012.

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Ultragas saw its revenue decline in 2013

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Front page now

Royal Arctic Line's chief executive steps down

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

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

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

Further reading

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

German logistics company wants to grow 250 percent by 2030

MSC chosen as strategic partner for ailing Spanish rail freight company

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

Royal Arctic Line's chief executive steps down

Jobs