Himalaya Shipping Secures New Index-Linked Charter for Mount Emai
Himalaya Shipping has obtained a 12 to 14-month index-linked charter for the Mount Emai, starting May 2024. This contract reinforces the company's strategy of securing premium employment for its LNG dual-fuel newcastlemax vessels.
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Himalaya Shipping has finalized a charter for its 2024-built LNG dual-fuel bulker, Mount Emai, for a duration of 12 to 14 months, beginning in May 2024. The contract is index-linked with earnings above the Baltic 5TC benchmark and includes options for conversion to fixed rates.
This follows a previous employment arrangement with a major Japanese shipping company, which spanned 23 to 27 months and included profit-sharing and the flexibility to switch to fixed rates. The company currently operates a fleet of 12 newcastlemax vessels, with technical management provided by OSM Thome and Wilhelmsen Ship Management. The continued trend of securing index-linked contracts at premiums indicates a strategic focus on maintaining competitive earnings within the capesize market.
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