According to a statement by Himalaya on Wednesday, the charter deals were converted at an average rate of $38,700 per day, gross, from October 1, 2025 to December 31, 2025.
In addition, the two vessels will continue to earn scrubber benefits according to the terms of the existing time charter agreements.
Following the conversion, the company will have the following average rates fixed for vessels that were previously on index-linked charters.
From September 1 to September 30, six vessels will be chartered at an average of approximately $34,000 per day, gross, while from October 1 to December 31, four vessels will be chartered at an average of approximately $35,200 per day, gross.
Himalaya did not provide further information.
The company 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.
Himalaya achieved average time charter equivalent earnings of about $32,700 per day in July.
The average time charter rate includes average daily scrubber and LNG benefits on 12 vessels of about $1,100 per day.
Tor Olav Trøim-backed Himalaya said the company’s two vessels trading on fixed-time charters earned approximately $33,100 per day, gross, including average daily scrubber benefits.
The company’s ten vessels trading on index-linked time charters earned approximately $32,600 per day, gross, including average daily scrubber benefits.
