Himalaya’s LNG bulkers earned about $35,400 per day in October

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $35,400 per day in October.

Tor Olav Trøim’s Himalaya said in a commercial update that its five vessels trading on index-linked time charter earned about $36,500 per day, gross, including average daily scrubber and LNG benefits of about $1,300 per day.

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

According to Himalaya, the Baltic 5TC Capesize Index averaged $25,557 during October 2023, up from $14,110 during September.

In September, Himalaya achieved average time charter equivalent earnings of about $23,500 per day.

Last month, Himalaya announced 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.

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