Ultrabulk

Copenhagen based shipowner and operator Ultrabulk’s 2005 built ultramax bulk carrier 61K DWT MV Ultra Daniela was arrested with cocaine at the port of Ghent, Belgium. Ultrabulk’s bulk carrier sailed from Barranquilla, Colombia, on 20 June 2020 and was carrying coal cargo. Six (6) drug smugglers were arrested. Container ships had been the foremost victim of drug cartels up until now. However, they started using bulk carriers. 11-July-2020

 

Copenhagen based shipowner and operator Ultrabulk bounces back to profit in 2018. Ultrabulk’s revenue increased to $1 billion due to the strong dry cargo market in 2018. Shipowner and operator Ultrabulk is positive about 2019 dry bulk shipping. In 2018, Ultrabulk reported a profit of $15.5 million. In 2017, Ultrabulk reported a profit of $2.4 million. CEO Per Lange led Ultrabulk is delighted to deliver shareholders some return on their investment after difficult years. Danish shipowner and operator Ultrabulk anticipates a healthier dry bulk shipping market and projects concrete results and profit in 2019. According to Ultrabulk, trade wars triggered uncertainty in shipping markets. Widespread protectionism in numerous nations will have negative impacts on shipping and the world economy. Economic uncertainty is going to retain investments. In 2018, including chartered-in ships, Ultrabulk operated an average fleet of 144 ships. Ultrabulk has a fleet of 50 owned and long-term chartered ships. Ultrabulk is expecting higher long-term commitments and not scared of growing. Ultrabulk foresees to generate better returns. 31-March-2019

 

Danish shipowner and operator Ultrabulk has reported a loss of $2.4 million in 2017. Ultrabulk is presumptuous of a swift return to profit and anticipates to report a net profit in 2018. Danish shipowner and operator Ultrabulk operates a fleet of around 150 dry bulk carriers at any given time. In 2017, due to an increase in Chinese construction projects and an acceleration in manufacturing globally, dry cargo freight rates commenced increasing in 2017. In 2018, Ultrabulk anticipates a dry bulk fleet increase of 2.5%. Furthermore, dry bulk market freight rates will remain increasing in 2018. 25-March-2018