Singapore-based dry bulk operator Omegra Shipping has pulled in a forward contract of affreightment (COA) that will see it carry a large volume of sugar into Malaysia — in 2023.

The counterparty in the deal, described as the fourth-largest producer in Brazil with annual production of 4.2m tonnes, has tasked Omegra with moving 250,000 metric tonnes of very high polarity sugar from Brazil.