Himalaya Shipping, a dry bulk owner, has fixed two of its vessels with a premium agreed which is the highest achieved so far.

A “substantial and reputable counterparty” has taken the duo on time charter for between 22 and 26 months, upon delivery from New Times Shipyard between January and July 2024. The deal comes with an option exercisable by the counterparty for further 11 to 13 months.

The time charter deals also includes a profit sharing of any economic benefit derived from operating the vessels’ scrubber or running on LNG, as well as certain rights to convert the time charters to fixed rates.

“The premium agreed on these charter agreement is to our knowledge the highest achieved so far, even compared to our own previous agreements” says Herman Billung, contracted CEO of Himalaya Shipping.

The shipowner has four vessels in operation and eight newcastlemax dry bulk vessels under construction at New Times Shipyard in China. The remaining newbuildings are expected to be delivered by July 2024.

The company has nine of its twelve dual fuel newcastlemax bulk carriers chartered out and there is a strong interest for the remaining three vessels.