Himalaya Shipping Ltd. (HSHP) - Delivery of Mount Emai and Commencement of Charter

14 Jun 2024 08:15 CEST

Hamilton, Bermuda,  June 14, 2024

Himalaya Shipping Ltd. is pleased to announce that it has successfully taken
delivery of the twelfth and last of its series of 210,000 dwt Newcastlemax dual
fuel newbuildings the Company has ordered from New Times Shipyard (NTS).

The vessel ("Mount Emai") will be delivered to a major Japanese shipping company
and will commence a 23 to 27 months' time charter, plus an option exercisable by
the counterparty for a further 11 to 13 months, and will earn an index-linked
rate, reflecting a significant premium to a standard Capesize vessel. The time
charter also includes a profit sharing of any economic benefit derived from
operating the vessel´s scrubber or running on LNG, as well as has certain rights
to convert the time charter to a fixed rate, based on the prevailing forward
freight agreement (FFA) curve from time to time.

The Company would like to express its appreciation to NTS which in cooperation
with our excellent site team, have proven to be able to deliver high-quality
vessels always ahead of contractual delivery dates.

"This marks a significant milestone for Himalaya Shipping. We are meeting what
we believe will be a very interesting cycle ahead of us with a state of the art
fleet representing the youngest and most fuel efficient dry bulk fleet on the
water today" says Herman Billung, contracted CEO of Himalaya Shipping.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47918 31590

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 include
risks relating to the delivery of our remaining newbuild vessels including the
timing thereof and other risks, including those set forth under "Item 3. Key
Information - D. Risk Factors" in our Annual Report on Form 20-F 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.

More information:
Access the news on Oslo Bors NewsWeb site