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According to a Himalaya statement, the company has entered into a new time charter agreement for the 2024-built bulker Mount Emai for a period of 12 to 14 months.
Himalaya said the vessel will commence the new time charter in the first half of May following redelivery under its current charter.
“The vessel will earn an index-linked rate, reflecting a significant premium to the Baltic 5TC index, as well as certain rights to convert the time charter to fixed rate based on the prevailing FFA curve from time to time,” it said.
Himalaya did not provide further details.
Himalaya has 12 LNG-powered Newcastlemax bulk carriers in its fleet.
China’s New Times delivered Himalaya’s final bulk carrier, Mount Emai, in June 2024.
Last month, Himalaya entered into a new time charter agreement for the 2023-built bulker Mount Matterhorn for a period of 12 to 14 months.
In January, the company entered into a new time charter agreement for the 2023-built bulker Mount Ita for a period of 11 to 14 months.