Bermuda-based drybulk owner Himalaya Shipping Ltd. has agreed to convert the index-linked time charters for four vessels to fixed rate time charters at an average rate of approximately $27,700 per day, gross, from January 1, 2026, to March 31, 2026.

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

The company didn’t disclose the name of the vessels.

Himalaya Shipping Ltd. is a bulk carrier company, incorporated in Bermuda, with twelve vessels in operation.

In the third quarter, the company converted the index-linked time charters for four vessels to fixed rate time charters at an average rate of approximately $35,300 per day, gross, from August 1, 2025, to September 30, 2025.

In addition, it converted the index-linked time charters for four vessels to fixed rate time charters at an average rate of around $38,500 per day, gross, from October 1, 2025, to December 31, 2025.

Contracted CEO, Lars-Christian Svensen, commented in the third quarter results: “The average Baltic Capesize Index (BCI) for the third quarter of 2025 was $24,684 per day, while the 12-vessel Himalaya fleet achieved average TCE earnings of around $35,600 per day, gross, over the same period. This performance underscores the strong capabilities and potential of our vessels, as well as the solid commercial execution to date.”