Himalaya Shipping Ltd. (HSHIP) - Delivery of the first dual fuel, long range Newcastlemax vessel

02 Mar 2023 08:34 CET

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.

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