Himalaya Shipping

Himalaya Shipping Ltd. (HSHP) Conversion to fixed rate time charters for two vessels

Hamilton, Bermuda, March 11, 2025

The Company has agreed to convert the index-linked charters to fixed rate time

charters for the Mount Norefjell and Mount Hua from April 1, 2025 to December

31, 2025.

The agreed conversion rate for the Mount Norefjell is US$32,000. The Mount

Norefjell recently came off a fixed rate time charter of US$30,000 at the end

of February and subsequently entered into a new index-linked time charter with

conversion options.

The agreed conversion rate for the Mount Hua is US$31,500.

In addition, the above vessels will continue to earn scrubber premium

according to the terms of the existing time charter agreements.

Following this, the Company will have 10 vessels trading on index-linked time

charters.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47918 31590

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in

Bermuda. Himalaya Shipping has twelve vessels in operation.

Forward Looking Statements:

This announcement includes forward looking statements within the meaning of

the Private Securities Litigation Reform Act of 1995. These statements include

non-historical statements. These forward-looking statements are based on

current expectations or beliefs, and are subject to uncertainty and changes in

circumstances. These forward-looking statements are subject to a number of

risks and uncertainties, which could cause the actual results to differ

materially from those indicated in such forward-looking statements. Such risks

are set forth under "Item 3. Key Information --- D. Risk Factors" in our

Annual Report on Form 20-F for the year ended December 31, 2023 filed with the

U.S. Securities and Exchange Commission. Except as required by law, we

undertake no obligation to update these forward-looking statements, whether as

a result of new information, future events, or otherwise.

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