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 Ita for a period of 11 to 14 months.

The shipowner said the vessel will start the new time charter in the second half of January following the planned redelivery under its current charter.

As informed, the vessel will earn an index linked rate, reflecting a significant premium to the Baltic 5TC index, as well as certain rights to convert the time charters to fixed rates based on the prevailing FFA curve from time to time.

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