Himalaya Shipping posts April TCE and $0.15 payout

Himalaya Shipping Ltd. reports a commercial update for April 2026 and declares a cash distribution.

Rhea-AI Filing Summary

Himalaya Shipping Ltd. reports a commercial update for April 2026 and declares a cash distribution. The company achieved average time charter equivalent (TCE) earnings of about US$41,600 per day, gross, based on time charter and voyage revenues over 360 fleet operational days.

The eleven vessels on index-linked time charters earned roughly US$42,700 per day, gross, while one vessel on a fixed time charter earned about US$30,100 per day, gross. The Board approved a cash distribution of US$0.15 per share for April 2026 from the Contributed Surplus account, with record date May 19, 2026 and payment expected on or about May 26, 2026, subject to local settlement practices in Norway and on the NYSE.

Insights

Shipping sector equity analyst

Himalaya posts solid April TCE and maintains a cash payout.

Himalaya Shipping generated average TCE earnings, gross of US$41,600 per day in April 2026 across 360 fleet operational days. Index-linked charters earned about US$42,700 per day, while the fixed-rate vessel earned US$30,100 per day, all on a gross basis.

The company’s Board approved a cash distribution of US$0.15 per share for April 2026 from the Contributed Surplus account. Key dates include a record date of May 19, 2026 and expected payment around May 26, 2026, with separate ex-dates for Euronext and NYSE listings.

The filing also highlights that reported earnings for two vessels in April are primarily tied to the Capesize index levels for March plus a premium, while the Baltic 5TC 180 Capesize Index averaged US$31,417 in April 2026. Subsequent disclosures may show how index-linked structures track future freight market movements.

Key Figures

Average TCE earnings, gross: US$41,600 per day Index-linked TCE, gross: US$42,700 per day Fixed charter TCE, gross: US$30,100 per day +5 more

8 metrics

Average TCE earnings, gross US$41,600 per day For April 2026 across fleet operational days

Index-linked TCE, gross US$42,700 per day April 2026 for eleven vessels on index-linked time charters

Fixed charter TCE, gross US$30,100 per day April 2026 for one vessel on fixed time charter

Cash distribution US$0.15 per share Approved for April 2026 from Contributed Surplus

Time charter revenues US$14.4 million For the one-month period ended April 30, 2026

Operating revenues, gross US$15.0 million Time charter revenues plus address commissions, April 2026

Fleet operational days 360 days For the one-month period ended April 30, 2026

Baltic 5TC 180 Capesize Index US$31,417 Average during April 2026

Key Terms

time charter equivalent (TCE) earnings, index-linked time charters, Capesize index, Contributed Surplus account, +2 more

6 terms

time charter equivalent (TCE) earnings financial

"achieved average time charter equivalent (“TCE”) earnings of approximately US$41,600 per day"

index-linked time charters financial

"eleven vessels trading on index-linked time charters earned approximately US$42,700 per day"

A contract hiring a ship for a fixed period where the daily charter rate automatically moves up or down based on a published index (for example a fuel, freight or inflation index). Think of it like a subscription whose monthly fee adjusts with a commonly tracked price so both parties share market swings. For investors, these contracts affect a shipping company's future revenue stability, fuel and market risk exposure, and therefore cash flow and valuation.

Capesize index market

"primarily based on the Capesize index rates for the previous month plus a premium"

Contributed Surplus account financial

"The distribution will be made from the Company's Contributed Surplus account."

Euronext VPS financial

"Distributions payable to shares registered with Euronext VPS will be paid out in NOK"

Euronext VPS is the electronic system and operator that records who owns shares and other securities in a country’s market and handles the paperwork when those securities are traded, paid out, or changed. Think of it as a centralized digital registry and back‑office that ensures buyers, sellers and companies all see the same official ownership records; accurate stewardship of these records matters to investors because it enables smooth trades, dividend payments and corporate actions.

Central Securities Depository Regulation (CSDR) regulatory

"Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway"

Central Securities Depository Regulation (CSDR) is a rulebook that sets common standards for entities that hold and transfer securities after a trade, such as stocks or bonds. It aims to make settlement—the final exchange of cash and securities—safer and more predictable by requiring consistent recordkeeping, risk controls and remedies for failed trades; for investors this reduces the chance of delays, loss or extra costs and improves market confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Himalaya Shipping (HSHP) average TCE earnings in April 2026?

Himalaya Shipping’s average time charter equivalent (TCE) earnings, gross, were about US$41,600 per day in April 2026. This figure is based on time charter and voyage revenues over 360 fleet operational days, reflecting the fleet’s daily income performance for the month.

How did Himalaya Shipping’s index-linked and fixed charters perform in April 2026?

In April 2026, Himalaya’s eleven vessels on index-linked time charters earned about US$42,700 per day, gross. The company’s one vessel on a fixed time charter earned roughly US$30,100 per day, gross, showing the difference between market-linked and fixed-rate employment.

What cash distribution did Himalaya Shipping (HSHP) declare for April 2026?

The Board approved a US$0.15 per share cash distribution for April 2026. This distribution will be paid from the company’s Contributed Surplus account, with a record date of May 19, 2026 and payment expected on or about May 26, 2026.

Which key dates apply to Himalaya Shipping (HSHP) shareholders on Euronext?

For shares traded on Euronext, the last day including distribution rights is May 15, 2026. The ex-date is May 18, 2026, and distributions to Euronext VPS shareholders are expected on or about May 29, 2026, reflecting Norwegian settlement rules.

Which key dates apply to Himalaya Shipping (HSHP) shareholders on the NYSE?

For shares traded on the New York Stock Exchange, the last day including distribution rights is May 18, 2026. The ex-date is May 19, 2026. The cash distribution payment is expected on or about May 26, 2026, subject to U.S. settlement cycles.

How does Himalaya Shipping (HSHP) define average TCE earnings, gross?

Average TCE earnings, gross is a non-U.S. GAAP measure the company uses to show daily revenue performance. It is calculated as time charter and voyage charter revenues, adding back address commissions, divided by fleet operational days for the period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 06:15 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number 001-41676

Himalaya Shipping Ltd.

(Exact name of Registrant as specified in its charter)

Not applicable

(Translation of Registrant’s name into English)

S. E. Pearman Building

2nd floor, 9 Par-la-Ville Road

Hamilton HM 11

Bermuda

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

Exhibits.

Exhibit						Description
99.1						Press release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Himalaya Shipping Ltd.

By:

/s/ Lars-Christian Svensen

Name:

Lars-Christian Svensen

Title:

Chief Executive Officer

Date: May 7, 2026

Himalaya Shipping Ltd. (HSHP) – Commercial Update and Key Information Relating to the Cash Distribution for April 2026

Hamilton, Bermuda, May 7, 2026

Commercial update:

In April 2026, Himalaya Shipping Ltd. (“Himalaya,” or the “Company”) achieved average time charter equivalent (“TCE”) earnings of approximately US$41,600 per day, gross[1], including average daily scrubber benefits of approximately US$1,000 per day. The Company's eleven vessels trading on index-linked time charters earned approximately US$42,700 per day, gross, including average daily scrubber benefits. The Company's one vessel trading on fixed time charters earned approximately US$30,100 per day, gross. The reported earnings for two of our vessels for a specific month is, due to terms under their existing index-linked time charter contracts, primarily based on Capesize index rates for the previous month plus a premium. This means that the reported earnings for April for these two vessels is primarily based on the Capesize index rates for March plus a premium.

The Baltic 5TC 180 Capesize Index averaged US$31,417 during April 2026.

Cash distribution:

The Board has approved a cash distribution of US$0.15 per share for April 2026. The distribution will be made from the Company's Contributed Surplus account.

Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:

Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.

Key information:

Distribution amount: US$0.15 per share

Declared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on May 26, 2026.

Date of approval: May 6, 2026

Record date: May 19, 2026

Payment date: On or about May 26, 2026.

The following dates apply to shares traded on Euronext:

Last day including right: May 15, 2026

Ex-date: May 18, 2026

[1] Average TCE earnings, gross is a non-U.S. GAAP measure of the average daily revenue performance of a vessel. Average TCE earnings, gross, when used by the Company, means time charter revenues and voyage charter revenues adding back address commissions, and divided by fleet operational days. Our management believes average TCE earnings, gross can provide additional meaningful information for investors to analyze our fleets’ daily income performance. Our calculation of such figure may not be comparable to that reported by other companies. Please see Appendix A for reconciliation of this measure to the nearest U.S. GAAP measure.

Due to the implementation of CSDR in Norway, distributions payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about May 29, 2026.

Due to the shortening of the Settlement Cycle in the US markets, the following dates apply to shares traded in the New York Stock Exchange:

Last day including right: May 18, 2026

Ex-date: May 19, 2026

This information is published in accordance with the requirements of the Continuing Obligations.

For further queries, please contact:

Lars-Christian Svensen, Contracted CEO

Telephone +47476 38756

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, 2025 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.

Appendix A – Reconciliation of Non-U.S. GAAP Measures

Time Charter Equivalent (‘TCE”) Earnings, gross

The following table sets forth a reconciliation of time charter revenues to the average TCE earnings, gross (unaudited) for the period presented:

(in millions of U.S. dollars except per day data)						For the one-month period ended
						April 30, 2026
Time charter revenues						$14.4
Address commission						$0.6
Operating revenues, gross						$15.0
Fleet operational days						360
Average TCE Earnings, gross						$41,600

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 18.6 KB