News Tag: Corporate Information

Hamilton, Bermuda, 2 March 2023,

Himalaya Shipping is pleased to announce that it has successfully taken delivery of the first of the twelve 210,000 dwt Newcastlemax newbuildings the Company has on order from New Times Shipyard. A further two vessels are expected to be delivered over the next 45 days, and another three vessels are expected to be delivered the by the end of 2023 and the remaining six vessels are expected to be delivered by the end of third quarter 2024.

The vessel (“Mount Norefjell”) will commence a two year time charter at US$30,000 per day, gross.

“We are excited to take delivery of the first vessel, marking the start of commercial operations for Himalaya Shipping. The charter illustrates the superior commercial value our ships deliver to our customers. We are thankful to the shipyard which have delivered a high-quality vessel on time, despite the difficult lock-down situation in China.” 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 one vessel in operation and eleven Newcastlemax dry bulk vessels under construction at New Times Shipyard in China. The remaining newbuildings are expected to be delivered by August 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, and include statements relating to our newbuild contracts, including delivery dates and terms of charters, statements with respect to our vessels upon delivery. 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.

Hamilton, Bermuda, December 20, 2022

Himalaya Shipping Ltd. (the “Company”) announces the appointment of Ms. Jehan Mawjee as a Director effective December 19^th, 2022. Ms. Mawjee has been employed as Chief Accounting Officer of Borr Drilling Limited since April 2021. She previously served in various accounting roles at Golar LNG Limited from 2015 to 2021 and at KPMG from 2012 to 2015. Ms. Mawjee is a Chartered Accountant and holds a Master of Professional Accounting degree from the University of Saskatchewan.

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 under the contracts scheduled between Q1 2023 and Q3 2024. 

Hamilton, Bermuda, 19 December 2022,

Himalaya Shipping is pleased to announce it has entered into a time charter agreement for one vessel with a major Japanese counterpart.

The vessel will commence a two year time charter upon delivery from New Times Shipyard in March/April 2023. The parties have agreed a fixed time charter of US$30,000 per day, gross, throughout the period.

“We are excited to be able to fix a ship significantly above our cash break-even, even with the 2023/2024 Capesize FFA rates being at $14k/day. The latest charter is another proof of the superior commercial value of the Himalaya Shipping’s low emission fleet meeting all expected regulations in the foreseeable future. Himalaya Shipping have in addition to this fixed charter already chartered out 6 vessels on index-linked charters. Our simple structure, with mostly index-linked charters to achieve market high premium to the Baltic 5TC index , low G&A cost and a 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. 

Bjørn Isaksen, Director of Himalaya Shipping Ltd., has on November 30, 2022, purchased 300,000 shares in Himalaya Shipping Ltd. from Tor Olav Trøim. The purchase represents settlement of a forward contract from when the Company was established in March 2021. The purchase price agreed in the said contract is USD 1 per share.

Following the transaction, Bjørn Isaksen and Freng Invest AS, a company controlled by Bjørn Isaksen, owns 320 000 shares and 150 000 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.

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.