Japanese bulker owner Uni-Asia Group is set to payout its highest dividend in a decade following record freight rates in 2021.

The Singapore-listed company achieved a full-year net profit of $18m — its highest net profit since going public in 2007 — reversing a loss of $7.5m seen in 2020.

Uni-Asia saw total income increased by 51% year on year to $69.4m,