The shares in Himalaya Shipping Ltd. will be traded on Euronext Oslo Børs ex cash distribution US$0.03 as from today, June 17, 2025.
Due to the shortening of the Settlement Cycle in the US markets, ex cash distribution date for shares traded on the New York Stock Exchange will be on June 18, 2025.
Hamilton, Bermuda, June 6, 2025
Commercial update:
In May 2025, Himalaya Shipping Ltd. (“Himalaya,” or the “Company”) achieved average time charter equivalent (“TCE”) earnings of approximately US$25,100 per day, gross[1], including average daily scrubber benefits on twelve vessels of approximately US$1,100 per day. The Company’s two vessels trading on fixed time charters earned approximately US$32,100 per day, gross, including average daily scrubber benefits. The Company’s ten vessels trading on index-linked time charters earned approximately US$23,700 per day, gross, including average daily scrubber benefits.
The Baltic 5TC Capesize Index averaged US$15,675 during May 2025.
Cash distribution:
The Board has approved a cash distribution of US$0.03 per share for May 2025. The distribution will be made from the Company’s Contributed Surplus account.
Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:
Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.
Key information:
Distribution amount: US$0.03 per share
Declared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on July 3, 2025.
Date of approval: June 5, 2025
Record date: June 18, 2025
Payment date: On or about July 3, 2025.
The following dates apply to shares traded on Euronext:
Last day including right: June 16, 2025
Ex-date: June 17, 2025
Due to the implementation of CSDR in Norway, distributions payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about July 8, 2025.
Due to the shortening of the Settlement Cycle in the US markets, the following dates apply to shares traded in the New York Stock Exchange:
Last day including right: June 17, 2025
Ex-date: June 18, 2025
This information is published in accordance with the requirements of the Continuing Obligations.
For further queries, please contact:
Lars-Christian Svensen, Contracted CEO
Telephone +47476 38756
About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve vessels in operation.
Forward Looking Statements:
This announcement includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include non-historical statements. These forward-looking statements are based on current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in such forward-looking statements. Such risks are set forth under “Item 3. Key Information — D. Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
[1] Average TCE earnings, gross is a non-U.S. GAAP measure of the average daily revenue performance of a vessel. Average TCE earnings, gross, when used by the Company, means time charter revenues and voyage charter revenues adding back address commissions, and divided by fleet operational days. Our management believes average TCE earnings, gross can provide additional meaningful information for investors to analyze our fleets’ daily income performance. Our calculation of such figure may not be comparable to that reported by other companies. Please see Appendix A for reconciliation of this measure to the nearest U.S. GAAP measure.
Appendix A – Reconciliation of Non-U.S. GAAP Measures
Time Charter Equivalent (“TCE”) Earnings, gross
The following table sets forth a reconciliation of time charter revenues to the average TCE earnings, gross (unaudited) for the period presented:
| (In millions of U.S. dollars except per day data) | For the one-month period ended May 31, 2025 |
|
| Time charter revenues | $ | 9.0 |
| Address commission | $ | 0.3 |
| Operating revenues, gross | $ | 9.3 |
| Fleet operational days | 372 | |
| Average TCE Earnings, gross | $ | 25,100 |
Hamilton, Bermuda, June 2, 2025
Himalaya Shipping Ltd. (“HSHP” or the “Company” or “Himalaya Shipping”) refers to the announcement on May 27, 2025 regarding Euronext Oslo Børs’ resolution to transfer the listing of the shares in the Company from Euronext Expand to Euronext Oslo Børs.
The first day of trading of the shares in the Company on Euronext Oslo Børs will be on June 3, 2025. Consequently, the last day of trading of the shares in the Company on Euronext Expand was today, June 2, 2025.
The ticker and the ISIN of the shares in the Company will remain unchanged.
The Company has published a prospectus summary serving as a transfer listing document only, pursuant to Article 1 (5) (j) of Regulation (EU) 2017/1129. The prospectus summary is available on the Investor Relations pages at the Company’s website (himalaya-shipping.com) and can be accessed using the following link: himalaya-shipping.com/content/uploads/2025/06/2025-06-02-Prospectus-Summary-1.pdf. The prospectus summary is also attached to this stock exchange notice.
The Company’s contracted CEO, Lars-Christian Svensen, says the following:
“This strategic move marks a significant milestone in the Company’s development and reflects our continued commitment to transparency, governance, and long-term value creation.
We believe that a listing on Euronext Oslo Børs will enhance the visibility and credibility of Himalaya Shipping in the capital markets, improve liquidity in the share, and broaden our appeal to a wider base of institutional investors, including larger domestic and international funds.
We are proud to take this important step in our journey. Uplisting to Euronext Oslo Børs is a testament to the strength of our business model, the dedication of our team, and the confidence we have in our future growth.”
Ro Sommernes advokatfirma DA is acting as legal counsel to the Company.
For further queries, please contact the Company’s contracted CEO, Lars-Christian Svensen, telephone +47 476 38 756 or the contracted CFO, Vidar Hasund, telephone +47 913 61 726.
About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve Newcastlemax dry bulk vessels in operation.
This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act.
Forward looking statements:
This prospectus summary and any related discussions contain forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, which may be identified by words such as “aim,” “believe,” “could,” “expect”, “intend,” “likely to,” “due to,” “plan,” “potential,” “will,” “may,” “should,” or other similar expressions and include statements about the planned listing of the Issuer’s shares on the Oslo Bors and expected benefits of such a listing and expected timetable and other non-historical statements. These forward-looking statements are not statements of historical fact and involve risks, uncertainties, contingencies and factors that may cause our actual results, performance or achievements to be materially different from what is expressed, implied or forecasted in such forward-looking statements including risks relating to the planned listing on the Oslo Bors and risks relating to the expected benefits of such a listing and other risks described under “Item 3. Key Information – D. Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Himalaya Shipping undertakes no and expressly disclaims any obligation to update publicly any forward-looking statements after the date of this press release whether as a result of new information, future events or otherwise, except as required by law.
Hamilton, Bermuda, May 22, 2025
Himalaya Shipping Ltd. (“Himalaya,” “Himalaya Shipping” or the “Company”) announces preliminary unaudited results for the three months ended March 31, 2025.
Highlights for the First Quarter of 2025
Subsequent Events
1 The Company uses certain financial information calculated on a basis other than in accordance with accounting principles generally accepted in the United States (US GAAP) including average TCE earnings, gross and Adjusted EBITDA. Average TCE earnings, gross, as presented herein, represents time charter revenues and voyage charter revenues adding back address commissions and divided by fleet operational days. Please refer to the appendix of this release for a reconciliation of this non-GAAP measure to the most directly comparable financial measures prepared in accordance with US GAAP.
2 Adjusted EBITDA as presented herein represents our net income (loss) plus depreciation of vessels and equipment; any loss (income) from equity method investment; total financial expenses, net; and income tax expense. Please refer to the appendix of this report for a reconciliation of Adjusted EBITDA to net income.
About Himalaya Shipping Ltd.
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve vessels in operation.
May 22, 2025
The Board of Directors
Himalaya Shipping Ltd.
Hamilton, Bermuda
Himalaya Shipping Ltd. (the “Company”) advises that the 2025 Annual General Meeting of the Company was held on May 21, 2025 at 9:00 Bermuda local time at the Company’s registered office at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements of the Company for the year ended December 31, 2024 were presented at the Meeting.
The following resolutions were passed:
Himalaya would like to thank Ms Georgina Sousa who retired from Himalaya’s Board of Directors today. Her contribution to the Company has been invaluable and we wish her well.
Following her election today as a Director, Himalaya also welcomes Ms Kate Blankenship to its Board. The Company looks forward to benefiting from her relevant and extensive experience in the future.
Hamilton, Bermuda
May 21, 2025
The shares in Himalaya Shipping Ltd. will be traded on Euronext Expand Oslo ex cash distribution US$0.025 as from today, May 19, 2025.
Due to the shortening of the Settlement Cycle in the US markets, ex cash distribution date for shares traded on the New York Stock Exchange will be on May 20, 2025.
Hamilton, Bermuda, May 8, 2025
Commercial update:
In April 2025, Himalaya Shipping Ltd. (“Himalaya,” or the “Company”) achieved average time charter equivalent (“TCE”) earnings of approximately US$25,800 per day, gross[1], including average daily scrubber and LNG benefits on twelve vessels of approximately US$1,500 per day. The Company’s two vessels trading on fixed time charters earned approximately US$32,700 per day, gross, including average daily scrubber and LNG benefits. The Company’s ten vessels trading on index-linked time charters earned approximately US$24,400 per day, gross, including average daily scrubber and LNG benefits.
The Baltic 5TC Capesize Index averaged US$16,022 during April 2025.
Cash distribution:
The Board has approved a cash distribution of US$0.025 per share for April 2025. The distribution will be made from the Company’s Contributed Surplus account.
Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:
Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.
Key information:
Distribution amount: US$0.025 per share
Declared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on June 3, 2025.
Date of approval: May 7, 2025
Record date: May 20, 2025
Payment date: On or about June 3, 2025.
The following dates apply to shares traded on Euronext:
Last day including right: May 16, 2025
Ex-date: May 19, 2025
Due to the implementation of CSDR in Norway, distributions payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about June 6, 2025.
Due to the shortening of the Settlement Cycle in the US markets, the following dates apply to shares traded in the New York Stock Exchange:
Last day including right: May 19, 2025
Ex-date: May 20, 2025
This information is published in accordance with the requirements of the Continuing Obligations.
For further queries, please contact:
Lars-Christian Svensen, Contracted CEO
Telephone +47476 38756
About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve vessels in operation.
Forward Looking Statements:
This announcement includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include non-historical statements. These forward-looking statements are based on current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in such forward-looking statements. Such risks are set forth under “Item 3. Key Information — D. Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
[1] Average TCE earnings, gross is a non-U.S. GAAP measure of the average daily revenue performance of a vessel. Average TCE earnings, gross, when used by the Company, means time charter revenues and voyage charter revenues adding back address commissions, and divided by fleet operational days. Our management believes average TCE earnings, gross can provide additional meaningful information for investors to analyze our fleets’ daily income performance. Our calculation of such figure may not be comparable to that reported by other companies. Please see Appendix A for reconciliation of this measure to the nearest U.S. GAAP measure.
Appendix A – Reconciliation of Non-U.S. GAAP Measures
Time Charter Equivalent (“TCE”) Earnings, gross
The following table sets forth a reconciliation of time charter revenues to the average TCE earnings, gross (unaudited) for the period presented:
| (In millions of U.S. dollars except per day data) | For the one-month period ended April 30, 2025 |
|
| Time charter revenues | $ | 9.0 |
| Address commission | $ | 0.3 |
| Operating revenues, gross | $ | 9.3 |
| Fleet operational days | 360 | |
| Average TCE Earnings, gross | $ | 25,800 |
The shares in Himalaya Shipping Ltd. will be traded on Euronext Expand Oslo ex cash distribution US$0.04 as from today, April 14, 2025.
Due to the shortening of the Settlement Cycle in the US markets, ex cash distribution date for shares traded on the New York Stock Exchange will be on April 15, 2025.
Hamilton, Bermuda, April 4, 2025
The Board of Himalaya Shipping Ltd. (“Himalaya” or the “Company”) adopted the framework for a long-term incentive plan for the Company’s directors and other key human resources (the “LTIP”) in September 2021. On April 3, 2025, the Board approved to increase the reserve of the Company’s authorised but unissued share capital by 450,000, which is to be used as settlement upon exercise of the share options granted under the LTIP. Under this amendment, the maximum aggregate number of common shares that may be delivered pursuant to any and all awards under the LTIP was increased from 800,000 to 1,250,000, subject to adjustment due to recapitalization or reorganization as provided under the LTIP. The LTIP provides for the grant of share options and other awards as determined by the Board of Directors in its sole discretion.
In addition, the Board has now resolved to grant in total 200,000 share options to key management resources of the Company under the LTIP. Each share option gives the holder the right to purchase one share in the Company at an exercise price of US$7.50. The share options will cliff vest three years from the grant date and expire 5 years from the grant date.
Following the grant, the total number of available share options under the LTIP are 250,000 and the total number of outstanding share options in the Company is 1,000,000.
The following primary insiders were granted share options:
– Lars-Christian Svensen (Contracted CEO) was granted 120,000 share options, following which he holds in total 185,000 share options and 19,186 shares in the Company.
– Vidar Hasund (Contracted CFO) was granted 20,000 share options, following which he holds in total 120,000 share options in the Company.
For further queries, please contact:
Vidar Hasund, Contracted Chief Financial Officer,
Telephone +47 91361726
Please see the attached form of notification and public disclosure by the PDMRs.
This information is subject to the disclosure requirements in article 19 of the Regulation (EU) 596/2014 (the Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
Hamilton, Bermuda, April 4, 2025
Commercial update:
In March 2025, Himalaya Shipping Ltd. (“Himalaya,” or the “Company”) achieved average time charter equivalent (“TCE”) earnings of approximately US$30,400 per day, gross[1], including average daily scrubber and LNG benefits on twelve vessels of approximately US$1,300 per day. All twelve vessels were trading on index-linked time charters in March 2025.
The Baltic 5TC Capesize Index averaged US$20,802 during March 2025.
Cash distribution:
The Board has approved a cash distribution of US$0.04 per share for March 2025. The distribution will be made from the Company’s Contributed Surplus account.
Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:
Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.
Key information:
Distribution amount: US$0.04 per share
Declared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on May 2, 2025.
Date of approval: April 3, 2025
Record date: April 15, 2025
Payment date: On or about May 2, 2025.
Due to the shortening of the Settlement Cycle in the US markets, the following dates apply to shares traded in the New York Stock Exchange:
Last day including right: April 14, 2025
Ex-date: April 15, 2025
The following dates apply to shares traded on Euronext:
Last day including right: April 11, 2025
Ex-date: April 14, 2025
Due to the implementation of CSDR in Norway, distributions payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about May 8, 2025.
This information is published in accordance with the requirements of the Continuing Obligations.
For further queries, please contact:
Lars-Christian Svensen, Contracted CEO
Telephone +47476 38756
About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve vessels in operation.
Forward Looking Statements:
This announcement includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include non-historical statements. These forward-looking statements are based on current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in such forward-looking statements. Such risks are set forth under “Item 3. Key Information — D. Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
[1] Average TCE earnings, gross is a non-U.S. GAAP measure of the average daily revenue performance of a vessel. Average TCE earnings, gross, when used by the Company, means time charter revenues and voyage charter revenues adding back address commissions, and divided by fleet operational days. Our management believes average TCE earnings, gross can provide additional meaningful information for investors to analyze our fleets’ daily income performance. Our calculation of such figure may not be comparable to that reported by other companies. Please see Appendix A for reconciliation of this measure to the nearest U.S. GAAP measure.
Appendix A – Reconciliation of Non-U.S. GAAP Measures
Time Charter Equivalent (“TCE”) Earnings, gross
The following table sets forth a reconciliation of time charter revenues to the average TCE earnings, gross (unaudited) for the period presented:
| (In millions of U.S. dollars except per day data) | For the one-month period ended March 31, 2025 |
|
| Time charter revenues | $ | 10.9 |
| Address commission | $ | 0.4 |
| Operating revenues, gross | $ | 11.3 |
| Fleet operational days | 372 | |
| Average TCE Earnings, gross | $ | 30,400 |