Himalaya Shipping Ltd.

Himalaya Shipping Ltd. announced a Special General Meeting for August 10, 2026, to approve a proposal to reduce its Share Premium account by US$28,500,000. This amount will be transferred to the Contributed Surplus account, aiming to enhance the company's ability to declare and pay cash distributions to shareholders in the future. The record date for determining eligible shareholders is June 22, 2026, and the proposal requires a simple majority vote.

Himalaya Shipping Ltd. reported strong operational performance for May 2026, achieving average time charter equivalent (TCE) earnings of approximately $57,200 per day. This includes average daily scrubber benefits of $1,300. Concurrently, the Board approved a cash distribution of $0.22 per share for May 2026, payable from the Company's Contributed Surplus account. The distribution has a record date of June 22, 2026, with payment dates varying slightly for NYSE and Euronext VPS shareholders.

Himalaya Shipping Ltd. has agreed to convert the index-linked time charters for four of its vessels to fixed-rate time charters for June 2026. The average fixed rate for these vessels will be approximately US$56,500 per day, gross. Additionally, the vessels will continue to receive scrubber benefits as per their existing agreements.

Himalaya Shipping Ltd. has increased its issued share capital by issuing 175,000 common shares following the exercise of share options. This issuance brings the company's total issued share capital to US$47,145,000, divided into 47,145,000 common shares, each with a par value of US$1.00.

Himalaya Shipping Ltd.'s Contracted CEO, Lars-Christian Svensen, acquired 4,000 shares in the company at an average price of NOK 131.36 per share on May 22, 2026. This transaction, valued at NOK 525,423.20, increases Mr. Svensen's direct ownership to 23,186 shares, in addition to his 185,000 share options. The acquisition signals strong management confidence in the company's future.

Himalaya Shipping Ltd. held its 2026 Annual General Meeting on May 20, 2026, where the audited consolidated financial statements for the year ended December 31, 2025, were presented. Shareholders passed resolutions to set the maximum number of Directors at seven and authorized the Board to fill casual vacancies. Five directors were re-elected, and PricewaterhouseCoopers AS was re-appointed as auditors with their remuneration to be determined by the Directors. Additionally, director fees not exceeding US$400,000 were approved for the year ending December 31, 2026.

Himalaya Shipping Ltd. reported strong preliminary unaudited results for Q1 2026, with net income turning positive to $5.0 million from a loss in the prior year, and total operating revenues increasing by 52.7% to $33.6 million. The company achieved average TCE earnings of $32,300 per day and declared total cash distributions of $0.18 per share for the quarter. Management maintains a positive long-term outlook for large dry bulk ships, citing healthy demand and a favorable tonnage balance.

Himalaya Shipping Ltd. announced it will host a conference call on Thursday, May 21, 2026, to discuss its first-quarter 2026 financial results. The company plans to release its Q1 2026 earnings report and presentation before the open of the Oslo Stock Exchange on the same day. Investors can access the materials on the company's Investor Relations section and register for the conference call via a provided link or dial-in numbers.

Himalaya Shipping Ltd. announced average time charter equivalent (TCE) earnings of approximately $41,600 per day for April 2026, including $1,000 per day from scrubber benefits. The company's eleven index-linked vessels achieved $42,700 per day, while its one fixed time charter vessel earned $30,100 per day. The Board also approved a cash distribution of $0.15 per share for April 2026, payable from the Contributed Surplus account, with a record date of May 19, 2026, and a payment date on or about May 26, 2026.