Business UpdateJul 14, 2026, 06:07 AM
Himalaya Shipping Secures New Time Charter for Mount Aconcagua
AI Summary
Himalaya Shipping Ltd. has entered into a new time charter agreement for its vessel, Mount Aconcagua, for a period of 16 to 18 months. The new charter will commence in the second half of July, following the redelivery under its current agreement. The vessel will earn an index-linked rate with a significant premium to the Baltic 5TC index, and the company retains the option to convert to a fixed rate based on the prevailing FFA curve.
Key Highlights
- New time charter agreement secured for the vessel Mount Aconcagua.
- Charter duration is for a period of 16 to 18 months.
- Vessel will commence new charter in the 2nd half of July 2026.
- Rate is index-linked, reflecting a significant premium to the Baltic 5TC index.
- Includes rights to convert the time charter to a fixed rate based on the FFA curve.
- Himalaya Shipping Ltd. currently has twelve vessels in operation.
Price Impact
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