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.

- Advertisements -

Most Popular

Delfin plans to take FID on first floating LNG producer in Q2

Delfin Midstream, the developer of a floating LNG export project in the Gulf of Mexico, is expecting to take...

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Mexico Pacific seals another LNG supply deal with Shell

A unit of LNG giant Shell has signed another long-term deal to buy liquefied natural gas from Mexico Pacific,...

More News Like This

Himalaya Shipping welcomes second LNG-fueled bulker in its fleet

Himalaya Shipping has taken delivery of the second of twelve LNG-powered Newcastlemax bulk carriers in China. New Times Shipyard delivered...

Himalaya Shipping files for US IPO

Himalaya Shipping has filed for an initial public offering in the United States, a week after it took delivery...

Himalaya Shipping takes delivery of first LNG-powered bulker

Himalaya Shipping has taken delivery of the first of twelve LNG-powered Newcastlemax bulk carriers in China. Tor Olav Trøim's Himalaya...

Himalaya Shipping’s fourth LNG-powered bulker launched in China

China’s New Times has launched Himalaya Shipping’s fourth LNG-powered Newcastlemax bulk carrier. Himalaya Shipping said in a social media post...