Himalaya Shipping Ltd
HSHPO.XD
CBOE Europe147.80
NOK
-0.60
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Himalaya Shipping Ltd
HSHPO.XD
(CBOE Europe)
Recent
price
147.80
P/E
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div
yld
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ROIC.AI
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- Business
- Himalaya Shipping Ltd. is a Bermuda-based independent dry bulk carrier company focused on owning and operating a fleet of LNG dual-fuel Newcastlemax vessels for the transportation of major dry bulks worldwide. Incorporated in 2021 and headquartered in Hamilton, Bermuda, the company owns and operates 12 ECO-design Newcastlemax dry bulk vessels, each with approximately 210,000 deadweight tons capacity; these vessels feature dual-fuel LNG propulsion, fuel-saving devices, exhaust gas cleaning systems or scrubbers, nitrogen abatement systems, and readiness for future conversion to next-generation fuels, enabling lower emissions and enhanced fuel efficiency to meet IMO decarbonization goals. The fleet, comprising vessels named 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, operates under a mix of index-linked time charters with premiums and scrubber benefits, fixed-rate time charters, and evergreen agreements expiring primarily in 2025-2026; technical management is provided by OSM Thome and Wilhelmsen Ship Management, while commercial management is handled through an agreement with 2020 Bulkers Management AS. Himalaya Shipping serves major commodity trading houses, energy transition commodity firms, and multi-modal transport operators on a global basis with no geographic restrictions. Recent developments include the acquisition of a 40% equity stake in 2020 Bulkers Management AS in August 2024 for $0.3 million to strengthen key management services; the uplisting of its shares from Euronext Expand Oslo to the main market of Euronext Oslo Børs under ticker HSHP on June 3, 2025, enhancing market visibility, liquidity, and access to institutional investors; the appointment of Lars-Christian Svensen as contracted Chief Executive Officer effective April 1, 2025, following his role as Chief Commercial Officer; delivery of the final two vessels, Mount Aconcagua and Mount Emai, in June 2024; and conversions of index-linked charters for multiple vessels to fixed-rate time charters at premium rates averaging $35,300-$38,500 per day gross in Q3-Q4 2025, alongside monthly cash distributions to shareholders.