Himalaya Shipping Ltd./Nkr HSHP

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About Himalaya Shipping Ltd.

Himalaya Shipping Ltd. is engaged in the shipping industry, focusing primarily on the transportation of dry bulk commodities. The company operates a fleet of modern vessels designed to transport cargoes such as coal, iron ore, and grain. With its headquarters in Bermuda, Himalaya Shipping serves global trade routes, leveraging its strategic maritime positioning to optimize shipping logistics and efficiency. The company emphasizes sustainable practices and technological advancements in its fleet to enhance operational performance and environmental compliance.
Ticker
Nkr HSHP
Sector
Mobility
Primary listing
XOSL
Employees
3
Headquarters
Hamilton, Bermuda

HSHP Metrics

BasicAdvanced
kr 8B
15.75
kr 10.80
0.97
kr 15.86
9.33%

Bulls say / Bears say

Himalaya’s earnings momentum is strong. Q2 TCE was US$50,600 per day versus a US$36,303 Baltic Capesize benchmark, while net income reached US$24.6 million and EBITDA US$44.0 million; August TCE then rose to US$57,700 per day. (Inderes, Inderes)
The fleet appears to earn a premium because it is modern, dual-fuel and fitted with scrubbers. Most vessels use index-linked charters with premiums to the market, while new 12–18-month contracts and fixed-rate conversions provide useful earnings visibility without giving up all of the upside. (EDGAR Tools, StockTitan)
The supply backdrop could support rates for longer. Himalaya estimates Capesize fleet growth at only 2.5% in 2026 after dry-dock adjustments, while new iron-ore capacity in Guinea and higher Atlantic exports could increase demand for long-distance bulk shipping. (TradeWinds, EDGAR Tools)
The balance sheet leaves limited room for a sharp freight-rate downturn. Net debt was about US$677.5 million at the end of June against US$34.8 million of cash, including US$12.3 million required as minimum cash under sale-and-leaseback financing. (EDGAR Tools, StockTitan)
Current profits are highly exposed to the dry-bulk cycle. The fleet’s index-linked charters pass through changes in Capesize rates, and the company itself flags charter-rate volatility, a possible Chinese slowdown, trade tensions and refinancing as material risks. (EDGAR Tools, Simply Wall St)
The monthly distribution is attractive but may compete with deleveraging. Himalaya paid US$0.25 per share for August from contributed surplus and says it expects to distribute a significant share of free cash flow after debt service, leaving payouts vulnerable if rates weaken or cash is needed for debt obligations. (Inderes, EDGAR Tools)
Data summarised monthly by Lightyear AI. Last updated on 26 Sept 2026.

HSHP Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

HSHP Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.