Himalaya Shipping Ltd. (HSHIP) - Results for the second quarter and first half of 2022

Hamilton, Bermuda, August 10, 2022

Himalaya Shipping Ltd. (“Himalaya” or the “Company”), today announced its unaudited financial and operating results for the three months and six months ended June 30, 2022.

Key events during the first half of 2022

-          The Company reported net loss of US$0.6 million and US$1.0 million for the three months and six months ended June 30, 2022, respectively.

-          In February 2022, the Company completed the sale leaseback financing for the first four newbuildings to be delivered from New Times Shipyard.

-          In April 2022, the Company entered into sale leaseback arrangements with CCBFL for newbuilds 5-12 to be delivered from New Times Shipyard securing financing for its complete newbuilding program of 12 dual fuel Newcastlemax vessels

-          On April 29, 2022, the Company was listed on the Euronext Expand.

Subsequent Events

-          In August 2022, the Company drew on the sale leaseback financing to pay the fourth instalments on the first two newbuildings to be delivered.

The Board of Directors Report and the Condensed Consolidated Financial Statements are available in the enclosed files.

For further queries please contact Herman Billung, Contracted CFO, +47 918 31 590.

About Himalaya Shipping Ltd.: 

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fueled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024. 

August 10, 2022

Board of Directors

Himalaya Shipping Ltd.

Hamilton, Bermuda