Ultrapetrol (Bahamas) Limited (OTC PINK: ULTRF) was founded in 1992 and is headquartered in Nassau, Bahamas, with 1,332 full-time employees. It is a marine industrial transportation company with operations in South America, Europe, Central America, and North America. Asia provides maritime transport services.
Ultrapetrol (Bahamas) (ULTR):
Bahamas Super Petroleum Shipping Co., Ltd. is a marine and industrial transportation company that provides customers with marine transportation services. The transportation products mainly include: grains, edible oil, minerals, crude oil, petroleum and refined petroleum products. In addition, Ultrapetrol (Bahamas) also provides offshore platforms and leisure cruise services.
The Bahamas Super Oil Shipping Company is divided into 3 divisions to operate:
- River Business: Owns and operates dry tanker barges, and operates towing vessels in the Hidrovia region of South America. Its dry barges transport agricultural and forestry products, iron ore and other goods, while tanker barges transport petroleum products, vegetable oil and other liquid goods. As of December 31, 2015, the department had 681 barges with a capacity of approximately 1.3 million deadweight tons and 34 towing vessels.
- Offshore Supply Business: Owning and operating ships that provide logistics and transportation services for offshore oil exploration and production companies, and provide transportation of goods for seamount exploration and production companies, such as container equipment, drill casing, pipelines and heavy Materials, fuel, water, drilling fluid, bulk cement and other supplies needed by various drilling platforms. The department has 13 platform supply vessels and 1 remote control vehicle.
- Ocean Business: Owning and operating ocean-going vessels, such as the transportation of petroleum products, and container line services for transportation and trade on the coast of Argentina. The department operates 6 ocean-going vessels, including 4 product tankers and 2 container ships.