Ultrapetrol (Bahamas) Limited, an industrial shipping company, provides marine transportation services primarily in South America, Europe, and Asia. Its shipping operations encompass grain, forest products, minerals, crude oil, petroleum, and refined petroleum products transportation for the shipping and offshore oil platform supply markets. The company operates in three segments: River, Offshore Supply, and Ocean. The River segment owns and operates river barges and pushboats that transport dry bulk and liquid cargos through the Hidrovia Region of South America. As of December 31, 2010, it had 602 barges and 33 pushboats with approximately 1,060,340 deadweight (dwt) capacity. The Offshore Supply segment owns and operates vessels that provide critical logistical and transportation services for offshore petroleum exploration and production companies in the North Sea and the coastal waters of Brazil. This segment’s fleet consists of seven platform supply vessels (PSVs) in operation and five PSVs under construction. The Ocean segment operated 8 ocean-going vessels, including 4 product tankers, 2 container feeder vessels, 1 oceangoing pushboat, and 1 inland tank barge with an aggregate carrying capacity of approximately 110,000 dwt tons. The company was founded in 1992 and is headquartered in Nassau, the Bahamas.