Himalaya Shipping Ltd.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Lars-Christian Svensen
- Full Time Employees
- 3
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- S. E. Pearman Building, 2nd Floor, 9 Par-la-Ville Road Hamilton HA Bermuda HM 11
- IPO Date
- Jul 20, 2021
- Website
- himalaya-shipping.com
- Similar Companies
- Business
- Himalaya Shipping Ltd. is an independent dry bulk carrier company that provides seaborne transportation services for major commodity traders, energy transition companies, and industrial customers worldwide through a fleet of modern, large-size bulk vessels. The company focuses on building, owning, and operating 210,000 dwt LNG dual-fuel Newcastlemax dry bulk vessels designed for lower emissions, improved fuel efficiency, and future fuel conversion, and it deploys these ships primarily on fixed and index-linked time charters in the Capesize segment. Its core services comprise global dry bulk shipping and related chartering solutions; operation of a homogeneous fleet of 12 ECO-design, LNG dual-fuel Newcastlemax vessels delivered between 2023 and 2024; provision of index-linked and fixed-rate time charters with scrubber benefit-sharing structures; and transportation of iron ore and other major bulk commodities on long-haul routes for blue-chip charterers. The fleet includes vessels such as Mount Norefjell, Mount Ita, Mount Etna, Mount Blanc, Mount Matterhorn, Mount Neblina, Mount Bandeira, Mount Hua, Mount Elbrus, Mount Denali, Mount Aconcagua, and Mount Emai, all configured with dual-fuel propulsion, nitrogen abatement, and energy-efficient hull and machinery systems. Himalaya Shipping serves global commodity flows across the Atlantic and Pacific basins and positions itself as a “pure Cape” player, targeting charterers seeking high-efficiency, environmentally advanced Newcastlemax tonnage with exposure to the Baltic Capesize indices. The company operates in the marine transportation industry within the dry bulk shipping segment and generates revenues primarily from time charter contracts, including both fixed-rate and index-linked structures with profit-sharing on scrubber economics. Its customer base consists of commodity trading houses, mining companies, energy transition-focused firms, and other industrial shippers that require long-haul transportation of bulk cargoes, particularly iron ore, coal, and other major bulks. Himalaya Shipping is incorporated in 2021 and is headquartered in Hamilton, Bermuda, from where it manages its fleet and corporate activities through a structure of vessel-owning subsidiaries such as Mount Norefjell Inc., Mount Bandeira Inc., Mount Ita Inc., Mount Hua Inc., Mount Etna Inc., Mount Elbrus Inc., Mount Blanc Inc., and Mount Denali Inc., among others. In terms of recent major developments, Himalaya Shipping has completed the delivery program of its 12-ship LNG dual-fuel Newcastlemax newbuilding series from New Times Shipbuilding in China, with the final vessels, including Mount Aconcagua and Mount Emai, delivered in 2024 and joining the operating fleet. The transition from having most vessels under construction to operating a full 12-vessel fleet represents a significant operational shift, enabling the company to scale time charter revenues and fully execute its commercial strategy as a pure-play, modern Capesize operator. Operationally, Himalaya has recently reported strong time charter equivalent performance and increased cash returns to shareholders; in November 2025 the board approved a cash distribution of USD 0.07 per share for October 2025, reflecting higher average TCE earnings of about USD 36,800 per day across the fleet, including scrubber benefits, and signaling a focus on regular capital returns alongside fleet optimization.
Company News
Himalaya Shipping (NYSE:HSHP) Shares Gap Down – What’s Next?
Himalaya Shipping Ltd (HSHP) Stock Up 3.8% but GF Value Says Overvalued -- GF Score: 57/100
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Himalaya Shipping Ltd. (HSHP) Q2 2026 Earnings Call Transcript
Himalaya Shipping Ltd. (HSHP) Q1 2026 Earnings Call Transcript
Himalaya Shipping Q1 Earnings Call Highlights
Bjorn Andreas Freng Isaksen Sells 300,000 Shares of Himalaya Shipping (NYSE:HSHP) Stock
Short Interest in Himalaya Shipping Ltd. (NYSE:HSHP) Expands By 55.1%
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With Newbuild Fleet, Himalaya Shipping Is Worth Keeping An Eye On
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