Himalaya Shipping converts newcastlemax charter to fixed rate time deal

Bermuda-based drybulk owner Himalaya Shipping has agreed to convert the index-linked time charter for the 210,000-dwt Mount Etna to a fixed rate time charter at a rate of around $38,800 per day, gross, from 1 October to 31 December 2025.

The shipowner said the vessel will continue to earn scrubber benefits according to the terms of the existing time charter agreement.

From 1 October to 31 December, the company has six vessels fixed at an average rate of approximately $36,300 per day, gross.

Currently, Himalaya Shipping, incorporated in Bermuda, has twelve vessels in operation.

Last week, Himalaya Shipping said it had agreed to convert the index-linked time charter for the 210,000-dwt Mount Bandeira to a fixed rate time charter at