Himalaya Shipping Ltd. (HSHIP) - Files Registration Statement with SEC for Proposed Initial Public Offering in the United States

Hamilton, Bermuda, March 7, 2023

Himalaya Shipping Ltd. (“Himalaya Shipping”), a dry bulk carrier company with one vessel in operation and eleven Newcastlemax dry bulk vessels under construction at New Times Shipyard in China expected to be delivered by August 2024, today announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) for its proposed initial public offering of newly issued common shares in the United States (the “Offering”).  The timing, number of common shares to be offered and the offer size for the Offering have not yet been announced.  

The Company intends to apply to have its common shares listed on the New York Stock Exchange under the symbol “HSHP”.  Following the Offering, Himalaya Shipping will continue to be listed under the ticker “HSHIP” on the Euronext Expand in Norway.  The Offering is expected to occur after the SEC completes its review process, subject to market and other conditions and there can be no assurance as to whether, or when, the Offering may be completed or as to the actual size or terms of the Offering.

DNB Markets, Inc. will act as sole global coordinator, joint bookrunner and representative of the underwriters for the Offering. Clarksons Securities will serve as joint bookrunner and underwriter for the Offering.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The Offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained, when available, from: the SEC at www.sec.gov, and from: DNB Markets, Inc., Attn: Compliance Department, by telephone: 212-681-3800, or by email at: compliance.marketsinc@dnb.no.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities in any state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities in the United States will be made in accordance with the registration requirements of the Securities Act of 1933 and if made in any other state or jurisdiction will be made in accordance with the securities laws of any such state or jurisdiction. 

This press release shall not constitute an offer to subscribe to or a solicitation of an offer to subscribe to securities in any member state within the European Economic Area (“EEA”) in which such offer or solicitation is unlawful, unless in reliance upon applicable EEA prospectus exceptions, whereby no EEA prospectus, registration or similar action would be required within EEA.

This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590