Himalaya converts charters for four newcastlemaxes to fixed rate time deals

Bermuda-based drybulk owner Himalaya Shipping Ltd. has agreed to convert the index-linked time charters for four vessels to fixed rate time charters at an average rate of approximately $27,700 per day, gross, from January 1, 2026, to March 31, 2026.

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

The company didn’t disclose the name of the vessels.

Himalaya Shipping Ltd. is a bulk carrier company, incorporated in Bermuda, with twelve vessels in operation.

In the third quarter, the company converted the index-linked time charters for four vessels to fixed rate time charters at an average rate of approximately $35,300 per day, gross, from August 1, 2025, to