HSHP · Himalaya Shipping Ltd.

Himalaya Shipping Ltd., an independent bulk carrier company with twelve vessels in operation, has secured a new time charter for its vessel Mount Emai. This agreement provides revenue visibility for 12 to 14 months at a rate linked to an index but with a significant premium over the Baltic 5TC benchmark, potentially offering upside protection and enhanced earnings potential compared to spot market exposure. The inclusion of conversion rights to a fixed rate based on the FFA curve adds flexibility to lock in favorable rates if market conditions warrant. The timing aligns with redelivery from the current charter in the first half of May 2026, ensuring minimal downtime. For investors, this supports fleet utilization and underscores the company's ability to negotiate above-market terms in the dry bulk sector.