Himalaya Shipping announced that it has successfully taken delivery of the fourth of the twelve 210,000 dwt Newcastlemax newbuildings the Company has on order from New Times Shipyard. The vessel ("Mount Blanc") will commence a minimum 24 month charter with an evergreen structure thereafter and will earn an index-linked rate, reflecting a significant premium to a standard Capesize vessel. The time charter also include 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.

The first three vessels already delivered have successfully traded their first cargoes, loading Australia, Chile and soon Brazil. All technical, operational and commercial parameters have been met, proving quality and performance and meeting expectations.