Himalaya Shipping Ltd. (HSHP) – Commercial Update
Hamilton, Bermuda, January 12, 2024 In December 2023, the Company achieved average time charter equivalent (“TCE”) earnings of approximately US$34,900 per day, gross[1], including average daily scrubber and LNG benefits of approximately US$2,300 per day. Following the conversion of the index-linked time charters to fixed time charters, all the Company’s six vessels were trading on fixed time charters. The Company’s cash break-even TCE is estimated to be approximately $24,500 per day. The Baltic 5TC Capesize Index averaged US$37,333 during December 2023. In addition, Himalaya