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.
Hamilton, Bermuda, March 11, 2022
Himalaya Shipping Ltd. announces that the Annual Report for the year ended December 31, 2021, has been approved by the Board of Directors of the Company.
There were no changes to the consolidated statement of operations or consolidated balance sheet compared to those presented on February 28, 2022.
The Annual Report for 2021 is enclosed and is also available on the Company’s website: https://himalaya-shipping.com.
Please see attached company presentation.
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 fuelled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.
Hamilton, Bermuda, February 28, 2022
Himalaya Shipping Ltd. (“Himalaya” or the “Company”), today announced its unaudited financial and operating results for the three months and period from March 17 to December 31, 2021.
Key events during the fourth quarter of 2021
- The Company reported net loss of US$0.5 million
- On October 30, 2021, Mr. Erling Lind resigned as a Director of the Company and was replaced with Carl Erik Steen who was appointed Director of the Company from November 1, 2021.
- In December, the Company received credit approval for the sale leaseback financing of the first four vessels to be delivered from New Times Shipyard.
- On December 22, 2021, the Company was listed on the Euronext Growth.
- On December 30, 2021, the Company appointed Herman Billung as functioning CEO, effective as of February 1, 2022, under the management agreement between 2020 Bulkers Management AS and Himalaya Shipping Ltd.
Subsequent Events
- In February 2022, the Company completed the sale leaseback financing for the first four newbuildings to be delivered from New Times Shipyard.
- In February 2022, the Company received credit approval for sale leaseback financing for the last eight newbuildings to be delivered from New Times Shipyard.
The Board of Directors Report and the Condensed Consolidated Financial Statements are available in the enclosed files.
For further queries please contact Herman Billung, Contracted CEO, +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 fuelled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.
February 28, 2022
Board of Directors
Himalaya Shipping Ltd.
Hamilton, Bermuda
Hamilton, Bermuda, December 31, 2021
Effective as of February 1, 2022. Mr. Herman Billung will be appointed as acting CEO of Himalaya Shipping Ltd, under the management agreement between 2020 Bulkers Management AS and Himalaya Shipping Ltd. Mr. Billung has a 31 year career in international shipping. He held various positions within the Torvald Klaveness Group from 1989 – 1991. From 1994 – 1998 he served as Managing Director of Frapaco Shipping Ltd. From 1998 – 2005 Mr Billung returned to the Torvald Klaveness group as Managing Director of Maritime Services. From 2005 – 2016 he acted as CEO of Golden Ocean Management AS, prior to establishing Songa Bulk in 2016 with Arne Blystad as a main shareholder. In 2018 Songa Bulk was sold to Star Bulk Carriers Corp. where Mr. Billung since then has served as Senior Vice President and General Manager. Mr. Billung is a Norwegian Citizen and a resident of Norway.
For further queries, please contact:
Vidar Hasund, contracted CFO, Himalaya Shipping Ltd
Telephone +47 913 617 26
