Himalaya Shipping has reportedly extended its fixed-rate charter coverage into 2027, according to Splash 247. The company converted two additional index-linked newcastlemax charters to a fixed rate of $53,000 per day.
These conversions are effective from September 1 and will run through March 31 of the following year. The specific vessels involved and the chartering parties were not disclosed by the source publication.
This seven-month conversion is estimated to generate approximately $22.5 million in gross hire for Himalaya Shipping. The move indicates a strategy to secure revenue streams for an extended period.
The company, backed by Tor Olav Trøim, is actively managing its chartering portfolio. This latest action builds on previous efforts to lock in favorable rates for its fleet, as reported by Splash 247.
