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Tuesday, November 18, 2008, 8:30AM ET - U.S. Markets open in 1 hr.. Dow Down 2.63% Nasdaq  0.00%
Ultrapetrol (Bahamas) Ltd. (ULTR)On Nov 17: 2.43   0.00 (0.00%)  
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Ultrapetrol (Bahamas) Ltd.
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.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Mr. Felipe Ross Menendez , 53
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer of UABL Limited, Pres of UABL Limited, Pres of Ultrapetrol S A, Director of UABL Limited of Ultrapetrol S A
    N/A N/A
    Mr. Leonard J. Hoskinson , 54
    Chief Financial Officer, Sec., Director of UABL
    N/A N/A
    Mr. Ricardo R. Menendez , 59
    Exec. VP, Director, Chief Exec. Officer of UP Offshore, Exec. VP of Ultrapetrol S A, Director of UABL Limited of Ultrapetrol S A
    N/A N/A
    Mr. Alberto G. Deyros , 52
    Chief Accountant
    N/A N/A
    Ms. Carolina Januzzi ,
    Sec. of UP Offshore
    N/A N/A
    Dollar amounts are as of and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.


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