Company history

Ultrabulk A/S is wholly owned by Ultranav, which is the Shipowning and Operating arm of the Ultramar Group of Chile.


The original company was founded in 1952 by Captain Albert von Appen. During its early days, it was focused on shipping agency and servicing companies. Captain von Appen was subsequently joined by his sons Sven von Appen and Wolf von Appen, teaming up to address the challenges and opportunities the next decades brought with them.

During this period the company developed and diversified into other shipping related activities such as tugboats, terminals and off-shore supply vessels. 

Geographically it also expanded from having been predominantly Chile based into Argentina, Peru, Uruguay, Brazil, Ecuador, Colombia, Mexico and Panama. In more recent times, the group has further diversified into other industrial areas such as mining, energy, oil and gas.

The group is today jointly headed by Mr. Dag von Appen and  Mr. Richard von Appen. The group-s shipping companies range from coastal, containers, gas, chemicals through to dry bulk cargo in the form of Ultrabulk.


Ultrabulk started its dry bulk activities in 1982 and  was initially regionally focused on the handysize segment. Over the last decade the company has grown steadily and in 2010, the company was able to achieve one of its long-term strategic goals, namely to enter the supramax and panamax segments via the acquisition of a majority shareholding in Eitzen Bulk A/S, a holding which it increased in 2010 to become sole owner. 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 new building program, as well as an experienced commercial management and staff. A new broader and stronger trading platform was thereby established which enables the company to service client needs in all three market segments. In recent years MPP and Parcel Services have been established in order to provide customers with an even broader range of services. In 2017, an office was opened in Cape Town, South Africa, in order to provide even closer support and services to partners in the region. 

By the beginning of 2013 the company's fleet had grown and exceeded 100 vessels. Depending on fluctations mainly due to seasonal products, the fleet on average now totals up to about 150 units. It includes a large number of new buildings, several of which are still to be delivered. Please refer to the fleet newbuilding section for latest details.

The company owned MV Ultra Villarrica, built in 2014

Clients are serviced by a qualified and empowered staff, strategically located in offices in Copenhagen (HQ), Santiago, Rio de Janeiro, Stamford, CT, Singapore, Cape Town and Sydney.

A personal and innovative approach towards clients and business partners, has become Ultrabulk's trademark. A strong corporate spirit and continued client's support has been an inspiration to achieve sustainable growth and expansion, enabling us to support our clients growing requirements whilst always striving to adhere to the company motto;

 “A partner you can trust”