Himalaya Shipping Ltd. (HSHIP) – Delivery of the first dual fuel, long range Newcastlemax vessel

Hamilton, Bermuda, 2 March 2023,

Himalaya Shipping is pleased to announce that it has successfully taken delivery of the first of the twelve 210,000 dwt Newcastlemax newbuildings the Company has on order from New Times Shipyard. A further two vessels are expected to be delivered over the next 45 days, and another three vessels are expected to be delivered the by the end of 2023 and the remaining six vessels are expected to be delivered by the end of third quarter 2024.

The vessel (“Mount Norefjell”) will commence a two year time charter at US$30,000 per day, gross.

“We are excited to take delivery of the first vessel, marking the start of commercial operations for Himalaya Shipping. The charter illustrates the superior commercial value our ships deliver to our customers. We are thankful to the shipyard which have delivered a high-quality vessel on time, despite the difficult lock-down situation in China." says Herman Billung, contracted CEO of Himalaya Shipping.

For further queries, please contact: 

Herman Billung, Contracted CEO 

Telephone +47 918 31 590 

About Himalaya Shipping Ltd.: 

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has one vessel in operation and eleven Newcastlemax dry bulk vessels under construction at New Times Shipyard in China. The remaining newbuildings are expected to be delivered by August 2024.

Forward Looking Statements

This announcement includes forward looking statements. Forward looking statements are, typically, statements that do not reflect historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions, and include statements relating to our newbuild contracts, including delivery dates and terms of charters, statements with respect to our vessels upon delivery. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Himalaya Shipping Ltd. believes that these assumptions are reasonable, they are, by their nature, uncertain and subject to significant known and unknown risks, contingencies and other factors which are difficult or impossible to predict and which are beyond our control. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein.