News Tag: Other Corporate Information

Hamilton, Bermuda, 17 October 2022,

Himalaya Shipping is pleased to announce it has entered into time charter agreements for four vessels with Koch Shipping Pte Ltd.

The vessels will commence a 24 month time charter with an evergreen structure upon delivery from New Times Shipyard in the second and third quarter of 2023, with certain options to roll two charters to 2024. The vessels will earn an index linked rate, reflecting a significant premium to the Baltic 5TC index, and 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 charters to fixed rates based on the prevailing FFA curve from time to time.

“We have now chartered out 6 vessels on index linked charters with our vessels achieving market high premium to the Baltic 5TC index. The reception for the vessels in the market has been above expectations. Our simple structure, with index linked charters earning a significant premium, low G&A cost and financing with 7 year fixed bareboat rates puts us in a good position to deliver solid returns to our shareholders”, says Herman Billung contracted CEO of Himalaya Shipping.

For further queries, please contact:  

Herman Billung, Contracted CEO  

Telephone +47 918 31 590  

About Himalaya Shipping Ltd.:  

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuel Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.  

Hamilton, Bermuda, August 25, 2022 

Himalaya Shipping Ltd. (the “Company”) is pleased to announce that it has decided to install scrubbers (EGCS) on the entire fleet of twelve vessels presently under construction at New Times Shipyard (“NTS”) in China. The installation will be done within the previously agreed delivery schedule from the shipyard at attractive prices and payment terms.

After installation of scrubbers, the ships will have the ability to be fuelled with LNG, LSFO or HSFO. This offers significant increased flexibility for our customers and will be valuable in the ongoing employment discussions. Based on current spot pricing of LSFO versus HFO in Singapore the scrubber investment is estimated to give a total benefit of US$7,500/day when sailing, and based on our expected share of scrubber benefit the investment is expected to be paid back in less than 1.5 years.

The Management and Board would like to express their appreciation to NTS showing their willingness and ability to make alterations during the building process, underlining the excellent cooperation between builders and the Company.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590 

About Himalaya Shipping Ltd.: 

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuel Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.

Forward-Looking Statements

This announcement includes forward looking statements. Forward looking statements are, typically, statements that do not reflect historical facts and may be identified by words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intends”, “may”, “should”, “will” and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Himalaya Shipping Ltd. believes that these assumptions are reasonable, they are, by their nature, uncertain and subject to significant known and unknown risks, contingencies and other factors which are difficult or impossible to predict and which are beyond our control. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein.

The information, opinions and forward-looking statements contained in this announcement speak only as of the date hereof and are subject to change without notice.

Himalaya Shipping Ltd. (the “Company”) advises that the 2022 Annual General Meeting of the Company was held on August 10, 2022, at 08:30 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.  The audited consolidated financial statements for the Company for the year ended December 31, 2021 were presented to the Meeting.

The following resolutions were passed:

1)      To re-elect Bjorn Isaksen as a Director of the Company.

2)      To re-elect Carl E. Steen as a Director of the Company.

3)      To re-elect Georgina E. Sousa as a Director of the Company.

4)      To re-elect Mi Hong Yoon as a Director of the Company.

5)      To amend the Company’s Bye-laws by the deletion of Bye-Law 43 in order to conform with Norwegian Securities and Euronext’s regulations.

6)      To re-appoint PricewaterhouseCoopers AS as auditors and to authorize the Directors to determine their remuneration.

7)   To approve remuneration of the Company’s Board of Directors of a total amount of fees not to exceed US$200,000 for the year ended December 31, 2022.

Hamilton, Bermuda

August 10, 2022

Hamilton, Bermuda, July 20, 2022

Himalaya Shipping Ltd. advises that the 2022 Annual General Meeting of the company will be held on August 10, 2022. The record date for voting at the Annual General Meeting is set to July 29, 2022.

A copy of the Notice of Annual General Meeting and Form of Proxy, and associated information including the Company’s Annual Report can be found on the Company’s website at http://www.himalaya-shipping.com and attached to this press release. The notice and associated information will also be distributed to shareholders by normal distribution methods.

Hamilton, Bermuda, May 23, 2022

Himalaya Shipping Ltd. (the “Company”) announces the appointment of Ms. Mi Hong Yoon as a Director and Company Secretary. Ms. Yoon was employed by Digicel Bermuda as Chief Legal, Regulatory and Compliance Officer from March 2019 until February 2022 and served as Senior Legal Counsel of Telstra Corporation Limited’s global operations in Hong Kong and London from 2009 to 2019. Ms. Yoon graduated from the University of New South Wales with a Bachelor of Law (LLB) and received the LLM in International Economic Law from the Chinese University of Hong Kong. Ms. Yoon is an Australian citizen and a resident of Bermuda.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590 

About Himalaya Shipping Ltd.: 

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuel Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024. 

Hamilton, Bermuda, April 28, 2022

Himalaya Shipping Ltd. (the “Company”) is pleased to have been approved for trading at Euronext Expand Oslo, with the expected first day of trading on 29 April 2022.

In connection with the uplisting, the Company has prepared a prospectus, which is attached and published on the Company’s website at: Himalaya-Shipping-Ltd-Prospectus.pdf

In connection with the listing and as a consequence of the implementation of the EU’s Central Securities Depositories Regulation (the “CSDR”), the Company has today implemented the register of beneficial owners of its shares kept by DNB Bank ASA (as nominee for Euronext Securities Oslo) in Euronext Securities Oslo (the VPS) as its branch register under Bermuda law. As such, shares formerly recorded to DNB Bank ASA (as nominee for Euronext Securities Oslo) in the Company’s register of members are now recorded to the shareholders registered in Euronext Securities Oslo, allowing such shareholders direct shareholder rights in the Company. As such, the Company has ensured its compliance with the changed registration regime for registration of securities with a central securities depository following the implementation of CSDR in Norway and the approval of Euronext Securities Oslo as a central securities depository thereunder.

For further queries, please contact: 

Herman Billung, Contracted CEO 

Telephone +47 918 31 590

About Himalaya Shipping Ltd.: 

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuel Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024. 

Hamilton, Bermuda, April 21, 2022

Himalaya is pleased to announce 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.

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.

For further queries, please contact: 

Herman Billung, Contracted CEO 

Telephone +47 918 31 590

About Himalaya Shipping Ltd.: 

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuel Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024. 

Herman Billung, Contracted CEO of Himalaya Shipping Ltd., has on March 14, 2022, bought 20 000 shares in Himalaya Shipping Ltd. at a price of NOK 50,61 per share. Following the transaction, Herman Billung owns 20 000 shares and 100 000 share options in Himalaya Shipping Ltd.

This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act.

Freng Invest AS, a company controlled by Bjørn Isaksen, Director of Himalaya Shipping Ltd., has on March 14, 2022, bought 20 000 shares in Himalaya Shipping Ltd. at a price of NOK 51,05 per share. Following the transaction, Bjørn Isaksen and Freng Invest AS owns 20 000 shares, 150 000 share options and a forward contract to purchase 300,000 shares in Himalaya Shipping Ltd.

This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act.

Hamilton, Bermuda, March 11, 2022

In September 2021, the Board established a long-term incentive plan for the Group’s directors and other key human resources (the “LTI Plan”) and has approved a set of general rules for the LTI Plan. Furthermore, the Board has allocated 800,000 of the Company’s authorised but unissued share capital as settlement of the exercised options granted under the LTI Plan.

The Board has resolved to grant 120,000 share options to key human resources under the Company’s LTI Plan. Each share option gives the holder the right to purchase one share in the Company at an exercise price of USD 8.00. The share options will vest over a period of three years and expire 5 years after the grant date.

Following the grant, the total number of outstanding share options is 620,000.

The following primary insider was granted options:

Herman Billung (Contracted CEO), was granted 100,000 options, following which he holds in total 100,000 options.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuel Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.