ShippingWatch

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.

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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