Our organisation

We build long-term relationships
based on excellence, passion,
integrity and safety

Did you know

Ultranav Denmark is the
6th largest company in the
transport sector in Denmark
(Source: Borsen)

About Ultrabulk

Ultrabulk is a leading global dry bulk operator, servicing its customers in their maritime transportation needs in the Panamax, Supramax, Handysize, MPP and specialised parceling services.

Partnerships with close customers are the core of our business, and considerable effort is put into visualising and meeting their needs. Long-term perspectives drive investments aimed at building personal relations and cooperation.

With an asset light business model and a strong focus on risk assessment, we are a safe choice for your maritime transportation needs.

Ultrabulk A/S is a subsidiary of Ultranav, a privately owned shipping company for over six decades, headquartered in Chile and operating globally with offices in 15 countries.

“A partner you can trust”

Thinking globally, acting locally

Ultrabulk is headquartered in Gentofte, just outside Copenhagen, Denmark. Via the Ultranav Group, we have strong connections to South America and Chile in particular, but we also have a long tradition in Danish shipping with roots dating back to 1897 and “Rederiet Myren”, which was originally part of the more commonly known East Asiatic Company (EAC).

Customers are served from seven offices strategically located around the world. The geographical spread of offices enables us to serve our partners in their own time zone in relation to Chartering as well as Operation. Each office is empowered with adequate authority to make the right business decisions in a quick and efficient manner.

Ultrabulk key figures

135+

Fleet

7

Offices

104

Staff

18

Nationalities

Business model

Our partnership philosophy is based on long-term relationships, combining cargo contracts and tonnage procurement into the vital core of the Ultrabulk business model. These long-term partnerships are the basis for a stable platform and sustainable future growth.

A designated operator with specialised commodity, regional and trade knowledge is allocated to each partner. This ensures a smooth dialogue and a constructive environment, where we understand and meet our partners’ requirements and priorities at all times.

Ultrabulk is committed to continue reducing emissions and minimising our environmental footprint. One of the biggest climate challenges for the global shipping industry is the IMO target to reduce the overall greenhouse gas emissions (GHG) by at least 50% by 2050.

Risk management is an integrated part of the business platform. Focus is on strict counterpart control both prior to entering agreements and on a current basis. The control systems assist in relation to monitoring developments and ensuring risk is constrained at acceptable pre-defined levels, which are duly aligned with our strategy and commensurate with our financial strength.

Core values

Ultrabulk lives by a set of corporate values, guiding us in our way of doing business.
We always strive to be a partner you can trust. If you want to know more about the guidelines we live by, please see our General business principles.

Excellence

We seek to contribute competitiveness to our customers by anticipating and meeting their needs

We encourage creativity and innovation, introducing solutions that are beyond the ordinary

We strive to continuously improve the quality and effectiveness of services rendered

Passion

We believe that personal commitment and work well done makes a difference

We challenge ourselves to create value and exceed customers’ expectations

We are passionate about our work and our company

Integrity

We act in an ethical manner, focused on sustainability and safeguarding our reputation

We encourage personal and professional development and a fair balance between work and private life

We promote team spirit in a multicultural environment, without discrimination of any kind

Safety

We are committed to developing and stimulating a safe working culture onboard ships and ashore

We place safety first, to keep health, life, environment, cargoes and assets free of risks

We believe that safety is an integral part of our mindset and key to our business success

Ultrabulk historical highlights

1982

Ultrabulk started its dry bulk activities in Chile in 1982 and was initially regionally focused on the Handysize segment.

2010

The company grew steadily and in 2010, the company entered the Supramax and Panamax segments via the acquisition of Eitzen Bulk A/S. This company had roots dating back to 1897 in the form of “Rederiet Myren”, which was originally part of the more commonly known East Asiatic Company (EAC).

This acquisition brought with it not only direct access to these two new market segments, but also new trading areas, a notable fleet and an impressive newbuilding programme, as well as an experienced commercial management and staff. A new broader and stronger trading platform was thereby established enabling the company to service client needs in all three market segments.

Over the course of the last decade, Ultrabulk introduced a range of specialised services, including MPP and Parcel Services to accommodate to customers’ needs within the niche markets.

2017

Ultrabulk opened an office in Cape Town in 2017 to further support and service partners in the region, focusing on full cargo and parceling operations for bulk and breakbulk cargoes.

2018

An office in Sydney opened in 2018 as an extension of the Singapore office, focusing on the Far East market, in particular the Australian/New Zealand continent.

Maritime Anti-Corruption Network

The Maritime Anti-Corruption Network (MACN) is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of all.

Trace

TRACE is a non-profit business association providing anti-bribery compliance support and shared-cost third party risk management solution.

Getting to Zero Coalition

The Getting to Zero Coalition is committed to supporting the development of Zero Emission Vessels by 2030, whilst also pursuing a full decarbonisation of the industry by 2050.

BIMCO

BIMCO’s goal is to secure a level playing field for the global shipping industry. BIMCO therefore works to promote and secure global standards and regulations for the maritime sector.

Baltic Exchange

The Baltic Exchange provides maritime market information for the trading and settlement of physical and derivative contracts.

Danish Shipping

Danish Shipping is a trade and employer organisation playing an active role in relation to the authorities and decision-makers nationally and internationally.

Management

Meet the Management Team and the Board of Directors.

Ultranav Group

Ultrabulk is part of the large and diversified shipping group Ultranav, which was founded in Chile in 1960 by Captain Albert von Appen. Ultranav now has offices in 15 countries.

Specialised services

Special cargo? We are specialists in tailor-made transportation and cargo handling solutions.

How we work

Our teams go beyond borders, so no matter where in the world you are, we are ready to assist on any marine transportation need you have.