U-SEA Bulk Shipping A/S expects to achieve an EBITDA in the range of USD 1-5 million for 2011, a downwards adjustment from the existing EBITDA guidance previously set in the lower range of USD 11-18 million.
The expected positive results for the second half of the year are dampened due to certain of our customers reducing their shipping programs in anticipation of the continued weakening of the global economy.
