Himalaya Shipping Ltd. (HSHIP) - 2 year time charter at $30,000/day

19 Dec 2022 08:00 CET

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.

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