Himalaya Shipping Ltd. (OSLO: HSHP) Q1 2025 Earnings | May 22, 2025

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Himalaya Shipping Ltd. (OSLO: HSHP), an independent bulk carrier company, reported its Q1 2025 financial results on May 22, 2025. Total operating revenues for the quarter were $22.0 million, reflecting an average time charter equivalent (TCE) earnings of approximately $21,100 per day, gross. This compares to an average Baltic 5TC Capesize Index of $12,998 per day for the period. The company posted a net loss of $6.4 million and reported Adjusted EBITDA of $13.8 million. During the quarter, Himalaya Shipping distributed cash dividends of $0.005 per share in January and February, and $0.04 per share in March 2025. The company entered into a new time charter agreement for the Mount Norefjell for 14 to 38 months at an index-linked rate with a premium to the Baltic 5TC index, and converted index-linked charters for the Mount Norefjell and Mount Hua to fixed-rate time charters from April 1 to December 31, 2025, at $32,000 and $31,500 per day, respectively. Additionally, Himalaya raised net proceeds of approximately $14.8 million through a private placement of 2,650,000 common shares at $5.73 per share. The company operates a fleet of twelve vessels and continues to focus on optimizing charter agreements and maintaining financial flexibility amid market volatility. Outlook: Focus on securing premium charter rates and optimizing fleet utilization Continued cash distributions to shareholders Strategic management of charter mix and capital structure About Inside Ticker: For more expert analysis and real-time updates on Himalaya Shipping Ltd. (OSLO: HSHP) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #HimalayaShipping #HSHP #Q12025 #Earnings #BulkCarriers #Shipping #FinancialResults #CharterRates #InsideTicker