Himalaya Shipping Ltd. (HSHP) Announces its Preliminary Results for the Quarter Ended March 31, 2024
Hamilton, Bermuda, May 23, 2024 Himalaya Shipping Ltd. (“Himalaya,” “Himalaya Shipping” or the “Company”) announces preliminary unaudited results for the quarter ended March 31, 2024. Highlights for the quarter ended March 31, 2024 · Total operating revenues of $23.6 million, which is an average time charter equivalent (“TCE”) earnings of approximately $30,600 per day, gross. Average Baltic 5TC Capesize Index was US$24,286 per day. · Net income of $2.5 million and Adjusted EBITDA of $16.8 million for the quarter ended March 31, 2024. · Converted index linked charters to