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According to a statement by Himalaya on Wednesday, the charter deals were converted at an average rate of approximately $35,300 per day, gross, from August 1 to September 30.
In addition, the four vessels will continue to earn scrubber benefits according to the terms of the existing time charter agreements.
Following the conversion, the company will have the following average rates fixed for vessels that were previously on index-linked charters.
From August 1 to September 30, six vessels will be chartered at an average of approximately
US$34,100 per day, gross, while from October 1 to December 31, two vessels will be chartered at an average of approximately $31,800 per day, gross.
Himalaya did not provide further information.
The company has 12 LNG-powered Newcastlemax bulk carriers in its fleet.
In June 2024, China’s New Times delivered Himalaya’s final bulk carrier, Mount Emai.
Himalaya achieved average time charter equivalent earnings of about $34,500 per day in June.
The average time charter rate includes average daily scrubber and LNG benefits on 12 vessels of about $1,000 per day.
Tor Olav Trøim-backed Himalaya said the company’s two vessels trading on fixed-time charters earned about $32,100 per day, gross, including average daily scrubber and LNG benefits in June.
The company’s ten vessels trading on index-linked time charters earned approximately $35,000 per day, gross, including average daily scrubber and LNG benefits.