- Business Principles
Through Ultratank in Chile, Ultranav operates a fleet of 18 modern chemical carriers, fitted with stainless steel tanks. These vessels trade between and along the East and West Coasts of South America and the Caribbean, carrying a large variety of products including organic chemicals such as methanol and ethanol, as well as inorganic chemicals such as sulphuric acid and caustic soda, vegetable/animal oils, and other liquid cargoes in bulk.
Ultranav is internationally active in the clean petroleum products sector through the ownership and operation of medium range or MR tankers (40,000-55,000 dwt). Its subsidiary Ultratank in Chile formed a joint venture with three other well-known and reputed international tanker owners to operate a pool of MR tankers named Clean Products Tankers Alliance (CPTA). The CPTA pool, through Ultratank, operates a fleet of around 15-20 IMO-type modern MR in the Americas transporting products such as gasoline and diesel oil.
Ultranav is active in two main crude oil sectors. Namely Panamax for vessels between 60,000 to 75,000 dwt via its participation in Panamax Internationals (PI), which is a joint venture between Ultratank and two major international ship owners based in the US and Ecuador. The group's Aframax activities for vessels ranging between 100,000 and 120,000 dwt are concentrated in the Andes Tankers pool which operates and trades dirty trading vessels in the Americas. These activities are commercially managed by Cape Tankers.