Himalaya Shipping (NYSE: HSHP) sets $0.06 February 2026 cash payout

Rhea-AI Filing Summary

Himalaya Shipping Ltd. reported February 2026 average time charter equivalent (TCE) earnings of about US$32,400 per day, gross, including roughly US$1,200 per day in scrubber benefits. Five vessels on fixed time charters earned about US$29,400 per day, gross, while seven vessels on index-linked charters earned about US$34,500 per day, gross. The Baltic 5TC 180 Capesize Index averaged US$24,446 in the month, illustrating that the fleet outperformed this market benchmark.

The Board approved a cash distribution of US$0.06 per share for February 2026, paid from contributed surplus. Key dates include a record date of March 17, 2026 and a payment date on or about March 25, 2026 for most holders. Shares registered in Euronext VPS will receive the distribution in NOK, with fixing on March 25, 2026 and expected payment on or about March 30, 2026. The company operates twelve bulk carrier vessels and highlights TCE as a non‑U.S. GAAP measure to help investors understand daily income performance.

Insights

Shipping sector analyst

Himalaya posts solid February TCE and confirms US$0.06 cash distribution.

Himalaya Shipping generated time charter revenues of US$10.5M in February 2026 and average TCE earnings of US$32,400 per day, gross, over 336 fleet operational days. This exceeds the Baltic 5TC 180 Capesize Index average of US$24,446, indicating stronger fleet earnings than the benchmark.

The company’s five vessels on fixed time charters earned about US$29,400 per day, gross, while seven index-linked vessels earned about US$34,500 per day, gross, including scrubber benefits. Management emphasizes TCE as a non‑U.S. GAAP metric to describe daily income, with a reconciliation provided to operating revenues, gross of US$10.9M.

The Board approved a US$0.06 per share cash distribution for February 2026 from contributed surplus. Key dates are approval on March 5, 2026, record date on March 17, 2026, and payment on or about March 25, 2026 for most shareholders, with Euronext VPS holders expected to receive funds on or about March 30, 2026.

FAQ

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

Himalaya Shipping’s average TCE earnings were about US$32,400 per day, gross in February 2026, including roughly US$1,200 per day in scrubber benefits. This figure is based on time charter and voyage revenues over 336 operational days.

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

In February 2026, Himalaya’s five vessels on fixed time charters earned about US$29,400 per day, gross, including scrubber benefits. Its seven vessels on index-linked time charters earned about US$34,500 per day, gross, reflecting higher exposure to market-linked rates during the month.

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

The Board approved a cash distribution of US$0.06 per share for February 2026, to be paid from contributed surplus. The record date is March 17, 2026, and the payment date is on or about March 25, 2026 for most shareholders.

What are the key ex-dividend and record dates for HSHP shares on NYSE and Euronext?

For shares traded on the New York Stock Exchange, the last day including rights is March 16, 2026, with ex-date March 17, 2026. For Euronext, the last day including rights is March 13, 2026 and ex-date is March 16, 2026.

How and when will Euronext VPS shareholders receive Himalaya Shipping’s February 2026 distribution?

Shares registered with Euronext VPS will receive the US$0.06 per share distribution in NOK, using a fixing date of March 25, 2026. Due to CSDR implementation in Norway, payment is expected on or about March 30, 2026.

How does Himalaya Shipping define its non-U.S. GAAP TCE earnings, gross?

Himalaya defines average TCE earnings, gross as time charter and voyage charter revenues, adding back address commissions, divided by fleet operational days. Management believes this non‑U.S. GAAP metric helps investors analyze the fleet’s daily income performance, and provides a reconciliation to operating revenues, gross.

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Accepted by SEC EDGAR 03/06/2026 - 06:01 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 March 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: March 6, 2026

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

Hamilton, Bermuda, March 6, 2026

Commercial update:

In February 2026, Himalaya Shipping Ltd. (“Himalaya,” or the “Company”) achieved average time charter equivalent (“TCE”) earnings of approximately US$32,400 per day, gross[1], including average daily scrubber benefits of approximately US$1,200 per day. The Company's five vessels trading on fixed time charters earned approximately US$29,400 per day, gross, including average daily scrubber benefits. The Company's seven vessels trading on index-linked time charters earned approximately US$34,500 per day, gross, including average daily scrubber benefits.

The Baltic 5TC 180 Capesize Index averaged US$24,446 during February 2026.

Cash distribution:

The Board has approved a cash distribution of US$0.06 per share for February 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$0.06 per share

Declared currency: US$. Distributions payable to shares registered with Euronext VPS will be paid out in NOK with fixing date on March 25, 2026.

Date of approval: March 5, 2026

Record date: March 17, 2026

Payment date: On or about March 25, 2026.

The following dates apply to shares traded on Euronext:

Last day including right: March 13, 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.

Ex-date: March 16, 2026

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 March 30, 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: March 16, 2026

Ex-date: March 17, 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, 2024 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
						February 28, 2026
Time charter revenues						$10.5
Address commission						$0.4
Operating revenues, gross						$10.9
Fleet operational days						336
Average TCE Earnings, gross						$32,400

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 EX-99.1 18.5 KB