October 22, 2017 3:43 PM ET


Company Overview of Ultrapetrol (Bahamas) Limited

Company Overview

Ultrapetrol (Bahamas) Limited, an industrial shipping company, provides marine transportation services in South America, Europe, Central America, North America, and Asia. The company operates in three segments: River Business, Offshore Supply Business, and Ocean Business. The River Business segment owns and operates dry and tanker barges, and push boats in the Hidrovia region of South America. Its dry barges transport agricultural and forestry products, iron ore, and other cargoes; and tanker barges carry petroleum products, vegetable oils, and other liquids. As of December 31, 2015, this segment had 681 barges with approximately 1.3 million dwt capacity; and 34 push boats. The Offshore Supp...

Ocean Centre

Montagu Foreshore

East Bay Street



Founded in 1992

1,332 Employees



Key Executives for Ultrapetrol (Bahamas) Limited

Ultrapetrol (Bahamas) Limited does not have any Key Executives recorded.

Ultrapetrol (Bahamas) Limited Key Developments

Ultrapetrol (Bahamas) Limited Files Form 15

Ultrapetrol (Bahamas) Limited has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common shares, $0.01 par value under the Securities Exchange Act of 1934, as amended.

Pre-Packaged Reorganization Plan Approved for Ultrapetrol (Bahamas) Limited

The US Bankruptcy Court approved the pre-packaged reorganization plan of Ultrapetrol (Bahamas) Limited on March 17, 2017. As per the approved plan, Administrative Claims of $14.80 million, Priority Tax Claims of $2.50 million, Fee Claims of $9.10 million and US Trustee Fees shall be paid full in cash. 2021 Note Claims of $257.39 million shall recover 24% of the claim, amounting to $61.77 million and will be paid in cash. IFC-OFID Loan Claims of $68.20 million shall recover 30.4% of the claim, amounting to $20.73 million and will be paid in cash. Offshore Lender Parent Claims of $164.60 million shall be cancelled and discharged. Other Secured Claims of $0.90 million shall be paid in cash. General Unsecured Claims of $13.30 million shall be fully reinstated. General Unsecured Claims (Cornamusa) shall recover 1.20% of the allowed amount and will be paid in cash. Equity Interests in River Business Holding Company Debtors and Equity Interests in Cornamusa, shall be cancelled and discharged. Equity Interests in River Business Debtors Other than Cornamusa shall be fully reinstated and Equity Interests in Parent shall be unimpaired. The plan will be funded through cash consideration, issuance of new common stock.

Ultrapetrol (Bahamas) Limited will Change its Ticker to ULTR.Q from ULTR

Effective February 08, 2017, Ultrapetrol (Bahamas) Limited will change its Pink Sheets LLC stock ticker symbol to ULTR.Q from ULTR.

Similar Private Companies By Industry

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Massena Port and Princely International and UP River Holdings and UP River Terminals and UPB Panama

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