Bermuda-based drybulk owner Himalaya Shipping has agreed to convert the index-linked time charters for two vessels to fixed rate time charters.

The shipowner said the vessels will move onto fixed rate time charters from October 1 until the end of the year at an average rate of $38,700 per day, gross.

The shipowner didn’t disclose the names of the vessels, but Himalaya Shipping has in its fleet portfolio 12 dual fuel newcastlemax dry bulk vessels, according to the company’s website data.

In addition, the above vessels will continue to earn scrubber benefits according to the terms of the existing time charter agreements.

The company will have the following fixed rate charters from September 1 to December 31:

From September 1 to end of September, the company will have six vessels at an average of $34,000 per day, gross.

From October 1 to December 31, the company will have four vessels at an average of $35,200 per day, gross.

Currently, Himalaya Shipping has twelve vessels in operation.