JJ Ugland is launching a drive to lock more of its supramax bulkers into short and long-term period charters, according to its latest annual report.

The private Norwegian shipowner, which is listed with almost 50 bulkers, also confirmed that one of its vessels, the 58,000-dwt Lunita (built 2014), is on charter until 2023 following an off-market deal last autumn.

The vessel is owned 50/50 with Mitsubishi Corp.