Himalaya’s LNG-fueled bulkers earned about $33,200 per day in November

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $33,200 per day in November.

Tor Olav Trøim’s Himalaya said in a commercial update that its five vessels trading on index-linked time charter earned about $33,800 per day, gross, including average daily scrubber and LNG benefits of about $1,300 per day.

The company’s only vessel trading on a fixed time charter earned $30,000 per day, gross, it said.

According to Himalaya, the Baltic 5TC Capesize Index averaged $24,003 during November 2023, down from $25,557 during October.

In October, Himalaya achieved average time charter equivalent earnings of about $35,400 per day.

Fixed rate charters

Himalaya has agreed to convert its index-linked charters to fixed rate time charters for varying periods from December 1, 2023 to March 31, 2024.

In December 2023, five vessels will earn an average of $33,417 per day, gross, while in January 2024, five vessels will earn an average of $25,465 per day.

In February 2024, three vessels will earn an average of $23,508 per day, while in March 2024, three vessels will earn an average of $23,508 per day, gross.

In addition, two vessels will earn a fixed scrubber premium of $2,500 per day from December 1, 2023 to March 31, 2024, Himalaya said.

The remaining three vessels will continue to earn scrubber premium according to the terms of the existing time charter agreements, it said.

12 vessels

Himalaya announced in October another charter deal for one of its LNG-powered bulk carriers, securing employment for its entire fleet of 12 Newcastlemax vessels.

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.

NTS also recently launched LNG dual-fuel bulk carriers Mount Bandeira and Mount Hua and Himalaya expects to take delivery of both of these vessels in January.

According to its website, Himalaya expects to take delivery of Mount Elbrus in February next year, followed by the delivery of Mount Denali in June.

In addition, Himalaya expects Mount Aconcagua and Mount Emai to join the company’s fleet in July next year.

Most Popular

Atlantic LNG shipping rates dip to just $18,250 per day

Last week, LNG shipping rates continued to slide in both basins. “Spark30S Atlantic rates have dropped to record lows, reducing...

ExxonMobil CEO says Golden Pass LNG launch could slip into 2026

State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than 18...

Kosmos: Tortue FLNG to start production at end of fourth quarter

In February, the 2.5 mtpa FLNG, which was converted from a 1975-built Moss LNG carrier with a storage...

More News Like This

GTT bags services contract from Maran Tankers for LNG-powered vessels

Last year, Maran Tankers ordered eight LNG dual-fuel vessels at China's New Times. Although the future Suezmax vessels will not...

Himalaya’s LNG-fueled bulkers earned $33,500 per day in August

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $33,500 per day in August. The shipping...

Himalaya’s LNG bulkers earned about $37,600 per day in July

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $37,600 per day in July. The shipping...

Denmark’s Maersk building LNG-powered fleet

Lately, there have been many reports in the shipping industry saying that Maersk is interested in chartering LNG-powered ships. This...