Himalaya Shipping announced that it has successfully taken delivery of the fifth of the twelve 210,000 dwt Newcastlemax dual fuel newbuildings the Company has on order from New Times Shipyard.

The vessel (“Mount Matterhorn”) will commence a 32-to-38-month time charter plus an option for 11 to 13 months and will earn an index-linked rate, reflecting a significant premium to a standard Capesize vessel. The time charter also includes a profit sharing of any economic benefit derived from operating the vessel´s scrubber or running on LNG, as well as certain rights to convert the time charter to fixed rate based on the prevailing forward freight agreement (FFA) curve from time to time.

“We are excited to take delivery of the fifth vessel, which is chartered to a leading commodity trading house. The shipyard has again delivered a high-quality vessel slightly ahead of schedule. Mount Matterhorn will add another state-of-the-art vessel to the youngest dry bulk fleet on the water today. The Himalaya ships, which can reduce CO2 emissions by up to 43%¹, are prepared to meet and benefit from more environmental regulations coming into force,” says Herman Billung, contracted CEO of Himalaya Shipping.

¹CO2 savings for a dual fuel Newcastlemax running on LNG compared to a standard Capesize ship.