Himalaya converts charters for LNG-fueled bulker quartet

Himalaya Shipping has converted the index-linked charters to fixed-rate time charters for four of its LNG-powered Newcastlemax bulk carriers.

According to a statement by Himalaya on Wednesday, the charter deals were converted at an average rate of approximately $27,700 per day, gross, from January 1, 2026, to March 31, 2026.

In addition, the vessels will continue to earn scrubber benefits according to the terms of the existing time charter agreements, Himalaya said.

The firm did not provide further details.

The company has 12 LNG-powered Newcastlemax bulk carriers in its fleet.

China’s New Times delivered Himalaya’s final bulk carrier, Mount Emai, last year.

In July this year, Himalaya converted charter deals for four of its vessels.

After that, Himalaya also converted charter deals for four vessels in three different deals.

Himalaya recently reported total operating revenues of $37.9 million, which is an average time charter equivalent earnings of approximately $35,600 per day, gross, in the third quarter of this year.

The company also reported net profit of $9.5 million and Ebitda of $29.3 million for the quarter ended September 30, 2025.

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