Bermuda-based dry bulk owner Himalaya Shipping Ltd. is pleased to announce that it has successfully taken delivery of the tenth of the twelve 210,000 dwt Newcastlemax dual fuel newbuilding the Company has on order from New Times Shipyard.

The company informs that the remaining two vessels are scheduled to be delivered during the month of June.

The newbuild vessel named “Mount Denali” has been delivered to a major commodity trading company for an initial charter term until December 31, 2026, with an evergreen structure thereafter, and will earn an index-linked rate, reflecting a significant premium to a standard Capesize vessel.

The time charter also includes a profit sharing of any economic benefit derived from operating the vessel´s scrubber or running on LNG, as well as certain rights to convert the time charter to fixed rate based on the prevailing forward freight agreement (FFA) curve from time to time.

Herman Billung, contracted CEO of Himalaya Shipping, says that “We are proud of the rapid evolvement of the Company. By the end of June we will have a sailing fleet of twelve state of the art vessels representing the youngest and most fuel efficient dry bulk fleet on the water today.”

Source: Himalaya Shipping