Ultrapetrol (Bahamas) Ltd

Ultrapetrol (Bahamas) Limited is an industrial maritime logistics provider that offers comprehensive marine transportation services across a wide geographical area, encompassing South America, Europe, Central America, North America, and Asia. The company's operations are strategically divided into three key segments: River Transport, Offshore Support, and Ocean Freight. The River Transport division focuses its activities within South America's Hidrovia region, operating a substantial fleet of dry and tanker barges, supported by push boats. Its dry barges are designed to move agricultural products, forestry items, iron ore, and various other commodities, while the tanker barges specialize in carrying petroleum products, vegetable oils, and other liquid cargoes. By December 31, 2015, this segment possessed 681 barges, collectively offering approximately 1.3 million deadweight tons of capacity, along with 34 push boats. The Offshore Support division furnishes critical logistical and transportation solutions for companies involved in offshore petroleum exploration and production. Its specialized vessels deliver essential provisions, including containerized equipment, drill casings, piping, heavy loads, fuel, water, drilling fluids, and bulk cement, directly to offshore drilling rigs and platforms. This fleet comprised 13 platform supply vessels and one remotely operated vehicle. Lastly, the Ocean Freight division manages oceangoing vessels, which are primarily used for shipping petroleum products and also operate a container liner service within the Argentine coastal trade. Ultrapetrol caters to a diverse clientele, predominantly within the petroleum, agricultural, and mining sectors. Established in 1992, the company's main office is located in Nassau, the Bahamas, and it operates as a subsidiary of Sparrow Capital Investments Ltd.