Ultrapetrol Announces Results of Annual General Meeting of Shareholders

Ultrapetrol Announces Results of Annual General Meeting of Shareholders

NASSAU, Bahamas, Nov. 29, 2013 (GLOBE NEWSWIRE) -- Ultrapetrol (Bahamas)
Limited (Nasdaq:ULTR), an industrial transportation company serving marine
transportation needs in three markets (River Business, Offshore Supply
Business and Ocean Business), today announced the results of the annual
general meeting of its shareholders.

At the meeting, the following proposals were approved and adopted: 1) the
approval of the audited financial statements and the report of the Auditors
thereon for the fiscal year ended December 31, 2012, 2) the re-election of the
seven existing Directors of the Company, 3) the ratification and confirmation
of acts, transactions and proceedings of Directors, Officers and Employees of
the Company, and 4) the indemnification of Directors, Officers and Employees
of the Company.

About Ultrapetrol

Ultrapetrol is an industrial transportation company serving the marine
transportation needs of its clients in the markets on which it focuses. It
serves the shipping markets for containers, grain and soya bean products,
forest products, minerals, crude oil, petroleum, and refined petroleum
products, as well as the offshore oil platform supply market with its
extensive and diverse fleet of vessels. These include river barges and
pushboats, platform supply vessels, tankers and two container feeder vessels.
More information on Ultrapetrol can be found at www.ultrapetrol.net.

CONTACT: The IGB Group
         Leon Berman
         212-477-8438
         lberman@igbir.com
        
         Or
        
         The IGB Group
         Bryan Degnan
         646-673-9701
         bdegnan@igbir.com

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