A derivatives gain helped Ultrapetrol to a larger first-quarter profit despite its ocean shipping segment seeing revenues wane.
The South American owner has, however, sounded optimistic noises for the year ahead with soybean production set to rocket.
The net profit for the three months to the end of March was $7.83m as against a meagre $617,000 a year earlier. This was largely due to a $9.1m
