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Ultrabulk: The strategy works - we're sticking to it

Danish Ultrabulk is focused on keeping a balanced book, and it has led to solid results so far, according to the company's financial report for the first half of the year. And things will continue that way, the CEO tells ShippingWatch, while also revealing new possible investments.

BY KATRINE GRØNVALD RAUN

Danish dry bulk carrier Ultrabulk is pleased following the presentation of the company's financial report for the first half of the year. And with net profits of USD 10.5 million compared to USD 6 million in the same period last year, the company has a reason to be pleased.

The operational result (EBITDA) also increased, from USD 8.2 million in the first half of 2012 to USD 12.8 million in 2013, while revenue went up by 19 percent, from USD 336 million to USD 400 million. But things could become more challenging going forward, CEO Per Lange tells ShippingWatch.

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