Himalaya Shipping

Himalaya Shipping Ltd. (HSHP) - Delivery of Mount Emai and Commencement of Charter

Hamilton, Bermuda, June 14, 2024

Himalaya Shipping Ltd. is pleased to announce that it has successfully taken

delivery of the twelfth and last of its series of 210,000 dwt Newcastlemax dual

fuel newbuildings the Company has ordered from New Times Shipyard (NTS).

The vessel ("Mount Emai") will be delivered to a major Japanese shipping company

and will commence a 23 to 27 months' time charter, plus an option exercisable by

the counterparty for a further 11 to 13 months, and will earn an index-linked

rate, reflecting a significant premium to a standard Capesize vessel. The time

charter also includes a profit sharing of any economic benefit derived from

operating the vessel´s scrubber or running on LNG, as well as has certain rights

to convert the time charter to a fixed rate, based on the prevailing forward

freight agreement (FFA) curve from time to time.

The Company would like to express its appreciation to NTS which in cooperation

with our excellent site team, have proven to be able to deliver high-quality

vessels always ahead of contractual delivery dates.

"This marks a significant milestone for Himalaya Shipping. We are meeting what

we believe will be a very interesting cycle ahead of us with a state of the art

fleet representing the youngest and most fuel efficient dry bulk fleet on the

water today" says Herman Billung, contracted CEO of Himalaya Shipping.

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 include

risks relating to the delivery of our remaining newbuild vessels including the

timing thereof and other risks, including those set forth under "Item 3. Key

Information - D. Risk Factors" in our Annual Report on Form 20-F 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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