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- Himalaya Shipping Ltd. (HSHP) - Delivery of Mount Etna and Commencement of Charter
Himalaya Shipping Ltd. (HSHP) - Delivery of Mount Etna and commencement of charter
13 Apr 2023 10:05 CEST
Issuer
Himalaya Shipping Ltd
Hamilton, Bermuda, 13 April 2023,
Himalaya Shipping is pleased to announce that it has successfully taken delivery
of the third of the twelve 210,000 dwt Newcastlemax newbuildings the Company has
on order from New Times Shipyard.
The vessel ("Mount Etna") will commence a minimum 24 month charter with an
evergreen structure thereafter and will earn an index-linked rate, reflecting a
significant premium to a standard Capesize vessel. The time charters also
include 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 forward freight agreement
(FFA) curve from time to time.
"We are excited to take delivery of the third vessel, which is chartered on an
index-linked time charter, earning a significant premium to a standard Capesize
vessel. We are thankful to the shipyard which again has delivered a high-quality
vessel slightly ahead of schedule, despite the previous 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 91831590
About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in
Bermuda. Himalaya Shipping has three vessels in operation and nine Newcastlemax
dry bulk vessels under construction at New Times Shipyard in China. The
remaining newbuildings are expected to be delivered by July 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 statements with respect to
the delivery of Mount Etna and the terms of its charter. 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
More information:
Access the news on Oslo Bors NewsWeb site
Source
Himalaya Shipping Ltd
Provider
Oslo Børs Newspoint
Company Name
HIMALAYA SHIPPING LTD
ISIN
BMG4660A1036
Symbol
HSHP
Market
Euronext Expand