The Company has agreed to convert the index-linked charters to fixed rate time charters for the Mount Norefjell and Mount Hua from April 1, 2025 to December 31, 2025.
The agreed conversion rate for the Mount Norefjell is US$32,000. The Mount Norefjell recently came off a fixed rate time charter of US$30,000 at the end of February and subsequently entered into a new index-linked time charter with conversion options.
The agreed conversion rate for the Mount Hua is US$31,500.
In addition, the above vessels will continue to earn scrubber premium according to the terms of the existing time charter agreements.
Following this, the Company will have 10 vessels trading on index-linked time charters.
The Company has agreed to convert the index-linked charters to fixed rate time charters for the Mount Norefjell and Mount Hua from April 1, 2025 to December 31, 2025.
The agreed conversion rate for the Mount Norefjell is US$32,000. The Mount Norefjell recently came off a fixed rate time charter of US$30,000 at the end of February and subsequently entered into a new index-linked time charter with conversion options.
The agreed conversion rate for the Mount Hua is US$31,500.
In addition, the above vessels will continue to earn scrubber premium according to the terms of the existing time charter agreements.
Following this, the Company will have 10 vessels trading on index-linked time charters.