Company

Mission

Providing dry bulk shipping with lower emissions and highly competitive tonnage, maximizing returns to investors.

Vision

Being a leading dry bulk owner in the cape market by offering significantly lower emissions and superior quality to our customers.

Values

Integrity | Transparence | Agility | Professionalism | Knowledge | Compliance

Dividend policy

Himalaya Shipping has an intention to pay out the majority of its free cash flow after debt service on a monthly basis. Any dividends declared in the future will be at the sole discretion of the Board and will depend upon earnings, market prospects, current capital expenditure programs and investment opportunities. The timing and amount of dividends, if any, is at the discretion of the Board. The Company cannot guarantee that its Board will declare dividends in the future.

Corporate strategy

The objective for Himalaya is to maximize shareholder returns from the twelve Newcastlemax vessels once the vessels are complete and delivered by the yard. The Group will look to charter the vessels with significantly lower emissions compared to a standard capesize to strong counterparties and will focus on returning the maximum capital to the shareholders in the form of a high dividend yield payout. The Company will have an opportunistic approach to growth and M&A, however it intends to be disciplined in its investment strategy to maximize shareholder returns.

Financial strategy

The strategy for the company is to maximise the financial results from the investment through low G&A cost, a sound financial debt structure, and monthly distribution of all free cashflow.

Values HSQE

Himalaya Shipping is fully committed to HealthSafetyQuality and the Environment and identifies this as being essential to the long-term financial success of the company. Accidents can be prevented and no personnel injury, damage to property or environment is acceptable.

H

Health, whether physical or mental wellbeing, is paramount to quality of life. Himalaya Shipping is committed to conducting operations and business affairs at the highest industry standards, in a safe and efficient way, with the objective to preserve and enhance the health of our employees.

S

Safety is the core of our activities, both in the office or onboard our ships, and shall be conducted to safeguard persons from harm or injury and prevent damage to property. Himalaya Shipping´ employees are expected to identify operational risks and implement safe work practices.

Q

Quality is a keystone of what we do every day at work and we are committed to deliver high quality service to customers. Himalaya Shipping will ensure our crew and ships operate and maintain our ships at the highest quality standard in the industry.

E

Environment is under threat and the company believes we all are responsible to preserve and protect the environment from any form of pollution to enhance quality of life for all world citizens and future generations. Himalaya Shipping is committed to ensure employees and contractors understand and comply with the policy to achieve the ultimate target of ‘zero pollution’ by adopting and complying with all relevant laws, guidelines and best practice in the shipping industry.

Code of conduct

Our Code of Conduct outlines the standards and behaviours that help to shape and strengthen our culture and meet our commitment to honest and ethical conduct.
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Company Bye-Laws

We believe that strong corporate governance is part of every successful organization and are fully committed to keeping the highest standards in place.
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