Bermuda-based drybulk owner Himalaya Shipping Ltd. has agreed to convert the index-linked charters to fixed rate time charters for the 210,000-dwt newcastlemax bulkers Mount Norefjell and Mount Hua from April 1, 2025, to December 31, 2025.
The agreed conversion rate for the 2023-built vessel Mount Norefjell is $32,000, according to reports from Himalaya Shipping.
The bulker 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 Shipping added that the agreed conversion rate for the 2024-built bulker 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.
Following this, the company will have 10 vessels trading on index-linked time charters.
Himalaya Shipping Ltd. is a bulk carrier company, incorporated in Bermuda with twelve vessels in operation.
