Photo credit: Himalaya Shipping

Himalaya Shipping, an independent bulk carrier company incorporated in Bermuda, has taken delivery of the first dual fuel, long range Newcastlemax newbuild vessel. The shipyard has managed to deliver on time the vessel despite the lock-down situation in China.

The vessel Mount Norefjell is the first of the twelve 210,000 deadweight Newcastlemax newbuildings the company has on order from New Times Shipyard, and will commence a two year time charter at US$30,000 per day, gross.

Two more are expected to be delivered over the next 45 days, and another three vessels are expected to be delivered the by the end of 2023. The remaining six vessels are expected to be delivered by the end of third quarter 2024.

Herman Billung, contracted CEO of Himalaya Shipping said the delivery of the first vessel, marks the start of commercial operations for Himalaya Shipping.

As he pointed out, the “charter illustrates the superior commercial value our ships deliver to our customers. We are thankful to the shipyard which have delivered a high-quality vessel on time, despite the difficult lock-down situation in China.”

The company, incorporated in Bermuda, has one vessel in operation and eleven Newcastlemax dry bulk vessels under construction at New Times Shipyard in China. The remaining newbuilding’s are expected to be delivered by August 2024.

As shipping telegraph reported three months ago Himalaya Shipping had a time charter deal for one vessel with a major Japanese counterpart.

The vessel, as it was reported at that time, was scheduled to commence a two-year time charter upon delivery from New Times Shipyard in March/April 2023. The two parties had an agreement for a fixed time charter of gross US$30,000 per day throughout the period.

As the top management of Himalaya reported “the company have in addition to this fixed charter already chartered out 6 vessels on index-linked charters.”