Ocean Centre Montague Foreshore
East Bay Street PO Box SS-19084
Nassau,
Bahamas - Map
Phone: 242-394-8410
Web Site: http://www.ultrapetrol.net
DETAILS
Index Membership: N/A
Sector: Services
Industry: Shipping
Full Time Employees: 1,023
BUSINESS SUMMARY
Ultrapetrol (Bahamas) Limited operates as an industrial shipping company.
It operates through four segments: River Business, Offshore Supply Business, Ocean Business, and Passenger Business.
The River Business segment owns and operates river barges and pushboats that transport dry bulk and liquid cargos through the Hidrovia Region of South America. As of March 12, 2008, it had approximately 564 river barges with approximately 900,441 deadweight tons (dwt) capacity, and 26 pushboats with 934,441 dwt capacity.
The Offshore Supply Business segment owns and operates vessels that provide critical logistical and transportation services for offshore petroleum exploration and production companies, primarily in the North Sea and the coastal waters of Brazil. As of the above date, its fleet consisted of proprietarily designed platform supply vessels, including five in operation and seven under construction.
The Ocean Business segment owns and operates eight ocean-going vessels, including three Handysize/small product tankers that transport petroleum products and dry cargo.
The Passenger Business segment owns cruise vessels that transport passengers, primarily cruising primarily in the European cruise market. As of the above date, its fleet consisted of 2 vessels with a carrying capacity of approximately 1,600 passengers.
The company serves the shipping markets for grain, minerals, crude oil, petroleum, refined petroleum products, and forest products, as well as the offshore oil platform supply market, and the leisure passenger cruise market. It operates in South America, Europe, and Asia. The company was founded in 1992 and is based in Nassau, Bahamas.
| Latest Shares Outstanding | 32.8 | mil |
