Himalaya Shipping secured financing for newbuild newcastlemaxes
Himalaya has announced it has signed definitive documentation for the sale leaseback financing on ship 5-12. The Company have now secured sale leaseback financing for its complete newbuilding program of 12 dual fuel Newcastlemax vessels with delivery between Q2 2023 and Q4 2024.
Himalaya Shipping has 12 dual fuel newcastlemax dry bulk vessels under construction at New Times Shipyard in China. With its ECO design and LNG propulsion the vessels will deliver fuel efficiency and lower emissions to meet the IMO goal towards 2030 and beyond. The vessels will also be prepared for next generation fuels.
The financing covers the remaining instalments to the shipyard and secures attractive financing for 7 years from delivery.
The sale leaseback financing offers both pre and post delivery financing. The Company has customary purchase options at certain dates in the future.