Himalaya Shipping Ltd. (HSHP) Conversion to fixed rate time charters for two vessels

11 Mar 2025 08:30 CET

Hamilton, Bermuda, March 11, 2025

The Company has agreed to convert the index-linked charters to fixed rate time
charters for the Mount Norefjell and Mount Hua from April 1, 2025 to December
31, 2025.

The agreed conversion rate for the Mount Norefjell is US$32,000. The Mount
Norefjell recently came off a fixed rate time charter of US$30,000 at the end
of February and subsequently entered into a new index-linked time charter with
conversion options.

The agreed conversion rate for the Mount Hua is US$31,500.

In addition, the above vessels will continue to earn scrubber premium
according to the terms of the existing time charter agreements.

Following this, the Company will have 10 vessels trading on index-linked time
charters.

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
are set forth under "Item 3. Key Information --- D. Risk Factors" in our
Annual Report on Form 20-F for the year ended December 31, 2023 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

640892_Himalaya Shipping Ltd. (HSHP) Conversion to fixed rate time charters for two vessels.pdf