U-Sea Bulk profits in first half 2010

Danish company U-Sea Bulk shipping (previously known as Eitzen Bulk Shipping) reported a net profit of US$3.1 million for the first half of 2010, despite a deficit of US$2.0 million for the second quarter. Group EBITDA was US$3.3 million in the first half year 2010 as the first half year was extraordinarily impacted by the share options program, reducing EBITDA by US$7.6 million.