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 Matterhorn for a period of 12 to 14 months.

The shipowner said the vessel will start the new time charter in the second half of March 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 charter to fixed rate based on the prevailing FFA curve from time to time.

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