Ultrabulk is sailing against the tide
SHIPPING: Ultrabulk has confirmed the order of three up to five newbuilt handysize bulkers of 36.000-38.000 DWT scheduled for delivery in 2014. The announcement stands out in a market characterized by over capacity and severe rate pressure, yet Ultrabulk is not a company to take undue risks.
“Our investments follow the development in our cargo book, where long term contracts indicate that we will need a future fleet of 26 vessels to balance the loads. Furthermore, we want to minimize the environmental impact of our activities, and the new generation super ECO-type bulkers can improve the fuel efficiency with up to 15% and reduce CO2 emissions correspondingly”, says Per Lange, CEO of Ultrabulk, told Danish Maritime Magazine.
Several times during the interview with the magazine, CEO Per Lange stresses that Ultrabulk is in the dry bulk business as an operator - not speculators - but they have an obligation to renew the fleet in line with customer needs.
Long term customer relations are the result of Ultrabulk’s philosophy. Since 2006 they have built their business around the core values Excellence, Integrity and Enthusiasm in order to become ‘A Partner You Can Trust’. And the market has responded with confidence.
“For us size is not an objective in itself. We have already got the critical mass we need in key markets, so there is no need to force further expansion. Our aim is to grow and increase our business through the positive development of our partners in their industry. Growth will improve our competitive edge, but it is not an end in itself, and it must be achieved on the right premises”, says Per Lange.
Read the full interview in Danish Maritime Magazine HERE
Source: Danish Maritime Magazine
