Himalaya’s LNG bulkers earned about $20,800 per day in August

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $20,800 per day in August.

Tor Olav Trøim’s Himalaya said in a commercial update on Tuesday that its five vessels trading on index-linked time charter earned about $18,700 per day, gross, including average daily scrubber benefits of about $1,700 per day last month.

The company’s only vessel trading on fixed time charter earned $29,200 per day, gross, it said.

According to Himalaya, the Baltic 5TC Capesize Index averaged $12,942 during August, down from $13,192 during July.

In July, Himalaya’s four vessels trading on index-linked time charter earned about $22,300 per day, gross, including average daily scrubber benefits of about $1,600 per day.

During the first half of this year, Himalaya’s four vessels generated total operating revenues of $8.2 million, which is an average rate of $25,700 per day, gross.

China’s New Times Shipbuilding is building in total twelve LNG dual-fuel Newcastlemax bulk
carriers for Himalaya.

Earlier this year, Himalaya took delivery of the first vessel, Mount Norefjell, followed by the delivery of the second vessel, Mount Ita, the third vessel, Mount Etna, the fourth vessel, Mount Blanc, and the fifth vessel, Mount Matterhorn.

The latest and the sixth LNG-powered bulker, Mount Neblina, joined Himalaya’s fleet in August.

Himalaya is taking a small break with next delivery scheduled for January 2024.

Up to date, Himalaya secured charter deals for nine of these ships.

Most Popular

US approves financing for Mozambique LNG

The Export-Import Bank of the United States has approved financing for the TotalEnergies-led Mozambique LNG project.

Atlantic LNG shipping rates rise to four-month high

Atlantic LNG freight rates rose to $25,750 per day this week, while European prices also increased compared to the prior week.

Excelerate, PetroVietnam Gas to collaborate on US LNG supplies

According to a statement by Excelerate on Friday, the two firms have signed a memorandum of understanding to collaborate...

More News Like This

Himalaya converts charter deals for two LNG-powered bulkers

Himalaya Shipping has converted the index-linked charters to fixed rate time charters for two of its LNG-powered Newcastlemax bulk carriers.

EPS, DongHwa Entec in LNG fuel move

Singapore-based Eastern Pacific Shipping and South Korean equipment supplier DongHwa Entec have joined forces on the development of a high-pressure compressor for LNG-powered vessels.

EPS inks financing deal for LNG-powered containership duo

Singapore's Eastern Pacific Shipping (EPS) and China's SPDB Financial Leasing have signed a financing deal for two newbuild LNG dual-fuel containerships.

Himalaya secures new charter deal for LNG-powered bulker

Himalaya Shipping has secured a new charter deal for one of its LNG-powered Newcastlemax bulk carriers.