Bermuda-based drybulk owner Himalaya Shipping has sealed a new charter deal for one of its vessels.

The company has entered into a new time charter agreement for the 210,000-dwt newcastlemax bulk carrier Mount Elbrus until June 30, 2026, with an evergreen structure thereafter.

The shipowner said the vessel will commence the new time charter in the first half of January following the planned redelivery from its current charterer.

As informed, the Mount Elbrus will earn a fixed time charter of $30,000 per day, gross, until June 30, 2026, which thereafter will convert to an index linked rate reflecting a significant premium to the Baltic 5TC index.

Currently, Himalaya Shipping, incorporated in Bermuda, has twelve vessels in operation.