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Ultrapetrol (Bahamas) Ltd. Message Board

  • DaBreeze21 DaBreeze21 Mar 15, 2012 3:28 PM Flag

    UPJade

    If you go to www.tradewindsnews.com and search for Ultrapetrol you will see the first article that talks about ATHS rates in Brazil. I can't see the article as I'm not a subscriber anymore, but it looks like it is in Brazil and maybe contracted for a nice rate???? We will find out shortly...

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    • No UP Jade in 4Q11 or 1Q12. Now they expect delivery in May. It may be contracted, and at a good rate, but it didn't and hasn't generated any revenue AS PROMISED in '11 or 1Q12.

      No UP Amber, which was recently (August, which is recent for these clowns) promised for delivery in 1Q12.

      So the next earnings report will be light by two PSVs. Of course. And light on the river biz, due to drought (no mention of Argentine union disuputes... yet).

      Like today's report is light. Waaaayyyy light. Again.

      $200,000 EBITDA on $65 million revenue for the Ocean business? Really?

      No mention of share buybacks in the release, either. Maybe someone will extract that info on the cc. Or not.

    • Here is the relevant info...nice rate:

      In the same category, diversified South American owner Ultrapetrol’s 4,310-dwt UP Jade (built 2012), which has 844 square metres of deck space, landed a contract at $33,000 per day. The UP Jade will be working as B-type vessel, focussed on wet cargo.

 
ULTR
0.315-0.015(-4.63%)2:49 PMEDT