LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $33,500 per day in August.
The shipping firm said in a commercial update that the average time charter rate includes average daily scrubber and LNG benefits on 11 vessels of about $1,600 per day.
Tor Olav Trøim’s Himalaya said its two vessels trading on fixed time charters earned about $36,500 per day, gross, including average daily scrubber and LNG benefits on one vessel.
The company’s ten vessels trading on index-linked time charters earned about $32,800 per day, gross, including average daily scrubber and LNG benefits.
The Baltic 5TC Capesize Index averaged $21,714 during August 2024.
Himalaya now has 12 LNG-powered Newcastlemax bulk carriers in its fleet.
China’s New Times delivered in June Himalaya’s final bulk carrier, Mount Emai.
During the same month, Himalaya achieved average time charter equivalent earnings of about $36,400 per day and $37,600 per day in July.
Himalaya also agreed to convert the index linked charters to fixed charter rates for Mount Blanc, Mount Neblina and Mount Hua from September 1, 2024 to September 30, 2024 at an average rate of $35,727 per day plus scrubber premium according to the terms of their existing time charter agreements.
From September, the company’s four vessels will earn $36,998 per day, gross, while one vessel will earn $40,810 per day, gross, during October-December.
These vessels will continue to earn scrubber premium according to the terms of their existing time charter agreements, the company said.
Himalaya’s board has approved a cash distribution of $0.07 per share for August.