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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