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The shipping firm said in a commercial update that the average time charter rate includes average daily scrubber benefits of approximately $1,000 per day.
Tor Olav Troim-backed Himalaya said the company’s eleven vessels trading on index-linked time charters earned approximately $42,700 per day, gross, including average daily scrubber benefits.
The company’s one vessel trading on fixed time charters earned approximately $30,100 per day, gross.
Himalaya noted that the reported earnings for two of its vessels for a specific month is, due to terms under their existing index-linked time charter contracts, primarily based on Capesize index rates for the previous month plus a premium.
This means that the reported earnings for April for these two vessels is primarily based on the Capesize index rates for March plus a premium.
The Baltic 5TC 180 Capesize index averaged $31,417 during April 2026.
Himalaya’s board has approved a cash distribution of $0.15 per share for April.
The company 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.
Himalaya recently entered into a new time charter agreement for the 2024-built bulker Mount Emai for a period of 12 to 14 months.
The vessel will commence the new time charter in the first half of May following redelivery under its current charter.
In March, Himalaya entered into a new time charter agreement for the 2023-built bulker Mount Matterhorn for a period of 12 to 14 months, while 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.