Himalaya Shipping in talks to charter LNG-powered bulkers

Himalaya Shipping is in talks to charter the LNG-powered Newcastlemax ships it has ordered at China’s New Times Shipbuilding in Jiangsu.

The firm, registered on Euronext NOTC, is a new venture of Norwegian businessman and investor, Tor Olav Trøim, who is also the chairman of Golar LNG.

It has newbuilding contracts for twelve 208,000-dwt dual-fuel LNG bulk carriers at New Times worth up to $800 million.

The Chinese yard will deliver these vessels between the second quarter of 2023 and the fourth quarter of 2024.

“Serious charterers”

“Himalaya has been approached by operators and end-users inquiring about chartering the vessels,” the firm said in a statement.

Himalaya said it aims to enter into index-related charters for a significant part of its fleet.

Hence, the company would benefit from a potential tightening market, with added premium, due to the Himalaya vessels size, fuel efficiency and potential LNG saving, it said.

The company said it expects, based on feedback from “serious charterers”, that they would be willing to pay a premium on the Himalaya vessels due to the vessel’s environmental aspects.

Listing

Himalaya also said in the statement it has filed an application with the Oslo Stock Exchange for listing at the Euronext Growth.

It expects to start trading under the ticker HSHIP on or about December 22.

In addition, the company also targets an up-listing to Euronext Expand during the first half of 2022, it said.

Most Popular

US sanctions four LNG carrier owners

The Department of State said in a statement on Wednesday that it continues to designate entities involved in the...

Shell CEO on 2025 LNG market outlook: ‘I don’t have a crystal ball’

Sawan was asked during Shell's third-quarter earnings call on Thursday if he could share his views on the 2025...

MOL’s large LNG carrier fleet expands

The Jaanpese shipping firm said in its results report it had 100 LNG vessels at the end of September...

More News Like This

Himalaya’s LNG-fueled bulkers earned $33,500 per day in August

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $33,500 per day in August. The shipping...

Himalaya’s LNG bulkers earned about $37,600 per day in July

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $37,600 per day in July. The shipping...

Himalaya’s LNG bulkers earned about $36,400 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $36,400 per day in June. The shipping...

Himalaya takes delivery of twelfth LNG-powered bulker

China’s New Times has delivered Himalaya Shipping’s twelfth and final LNG-powered Newcastlemax bulk carrier. Himalaya and New Times announced the...