Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), announced the sale of 14 wet and dry barges to a third party in Colombia. the end of 2012 and extending through the second quarter of 2013. This sale will provide the Company with proceeds of $20.3m, of which 50% will be advanced by the buyer. With this sale, the yard is fully employed until the end of the first quarter of 2013. In addition, the company provided a brief update on its operations and EBITDA expectations for the remainder of the year.