Norwegian owner Belships has fixed three of its ultramaxes on period charters of around one year.

The bulk carriers, which were not named, have been contracted for 11 to 13 months at gross daily rates of $22,500, $24,700 and $25,000 per vessel.

The new charters, expected to begin in December, bring its contract coverage for 2022 up to 42% at an average net daily rate of $22,900 per vessel.