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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 $1,300 per day.
Tor Olav Troim-backed Himalaya said the company’s seven vessels trading on index-linked time charters earned approximately $52,500 per day, gross, including average daily scrubber benefits.
The company’s five vessels trading on fixed time charters earned approximately $53,400 per day, gross.
Himalaya noted that the reported earnings for one of its vessels for a specific month is, due to terms under its existing index-linked time charter contract, primarily based on Capesize index rates for the previous month plus a premium.
This means that the reported earnings for June for this vessel is primarily based on the Capesize index rates for May plus a premium.
The Baltic 5TC 180 Capesize Index averaged $35,414 during June 2026.
Himalaya’s board has approved a cash distribution of $0.22 per share for June.
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 announced in May that it has agreed to convert the index-linked time charters for four vessels to fixed-rate time charters at an average rate of approximately $56,500 per day, gross, for June.
In April this year, Himalaya entered into a new time charter agreement for the 2024-built bulker Mount Emai for a period of 12 to 14 months.
The vessel started the new time charter in the first half of May.
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.
