Himalaya Shipping

Himalaya Shipping Ltd. (HSHP) - Time charters for two vessels

Hamilton, Bermuda, June 6, 2023

Himalaya Shipping is pleased to announce it has entered into time charter

agreements for two vessels with a substantial and reputable counterparty.

The vessels will commence a 22 to 26 months' time charter, plus an option

exercisable by the counterparty for further 11 to 13 months, upon delivery from

New Times Shipyard between January and July 2024. Both vessels will earn an

index linked rate, reflecting a significant premium to the Baltic 5TC index

(BCI).

The time charters also include a profit sharing of any economic benefit derived

from operating the vessels' scrubber or running on LNG, as well as certain

rights to convert the time charters to fixed rates based on the prevailing

forward freight agreement (FFA) curve from time to time.

The Company has chartered out 9 of its 12 twelve dual fuel Newcastlemax bulk

carriers and we are witnessing strong interest for the 3 remaining vessels.

"The premium agreed on these charter agreement is to our knowledge the highest

achieved so far, even compared to our own previous agreements" says Herman

Billung, contracted CEO of Himalaya Shipping.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47?918 31?590

About Himalaya Shipping Ltd.:

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

Bermuda. Himalaya Shipping has four vessels in operation and eight Newcastlemax

dry bulk vessels under construction at New Times Shipyard in China. The

remaining newbuildings are expected to be delivered by July 2024.

Forward Looking Statements

This announcement includes forward looking statements. Forward looking

statements are, typically, statements that do not reflect historical facts and

may be identified by words such as "anticipate", "believe", "continue",

"estimate", "expect", "intends", "may", "should", "will" and similar

expressions, and include statements relating to our statements with respect to

the time charter agreements for two of our vessels, including the terms and

conditions thereunder and the quality of the counterparty. The forward-looking

statements in this announcement are based upon various assumptions regarding the

Company's present and future business, many of which are based, in turn, upon

further assumptions. Although Himalaya Shipping Ltd. believes that these

assumptions are reasonable, they are, by their nature, uncertain and subject to

significant known and unknown risks, contingencies and other factors which are

difficult or impossible to predict and which are beyond our control. Such risks,

uncertainties, contingencies and other factors could cause actual events to

differ materially from the expectations expressed or implied by the forward

-looking statements included herein.

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