According to a statement by Himalaya on Tuesday, the charter deals were converted for Mount Norefjell and Mount Hua from April 1, 2025 to December 31, 2025.
Himalaya said the agreed conversion rate for Mount Norefjell is $32,000.
The 210,000-dwt LNG dual-fuel bulk carrier recently came off a fixed rate time charter of $30,000 at the end of February and subsequently entered into a new index-linked time charter with conversion options.
Himalaya said the agreed conversion rate for Mount Hua is $31,500.
In addition, the two vessels will continue to earn scrubber premium according to the terms of the existing time charter agreements.
Himalaya did not provide further information regarding the charters.
Following this, the company will have 10 vessels trading on index-linked time charters.
Himalaya has 12 LNG-powered Newcastlemax bulk carriers in its fleet.
In June 2024, China’s New Times delivered Himalaya’s final bulk carrier, Mount Emai.
In February, Himalaya achieved average time charter equivalent (TCE) earnings of about $14,300 per day, gross, including average daily scrubber and LNG benefits on eleven vessels of about $1,400 per day.
The company’s one vessel trading on a fixed time charter earned about $30,000 per day, gross, in February.
Also, Himalaya’s eleven vessels trading on index-linked time charters earned about $12,900 per day, gross, including average daily scrubber and LNG benefits last month.
