Himalaya Shipping posts May TCE $57.2k, $0.22 payout
Himalaya Shipping Ltd. reports solid May 2026 operating performance and approves a cash distribution to shareholders.
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Form Type
6-K
Rhea-AI Filing Summary
Himalaya Shipping Ltd. reports solid May 2026 operating performance and approves a cash distribution to shareholders. The company achieved average time charter equivalent (TCE) earnings of about US$57,200 per day, gross, including roughly US$1,300 per day in scrubber benefits.
Its eleven vessels on index-linked time charters earned about US$59,600 per day, gross, while one vessel on a fixed charter earned about US$30,300 per day, gross. The Board approved a cash distribution of US$0.22 per share for May 2026, to be paid from the Contributed Surplus account, with a record date of June 22, 2026 and payment around June 26, 2026.
Key Figures
Average TCE earnings, gross: US$57,200 per day
Index-linked TCE earnings: US$59,600 per day
Fixed charter TCE earnings: US$30,300 per day
+5 more
8 metrics
Average TCE earnings, gross
US$57,200 per day
Company-wide average for May 2026, including scrubber benefits
Index-linked TCE earnings
US$59,600 per day
Eleven vessels on index-linked time charters in May 2026
Fixed charter TCE earnings
US$30,300 per day
One vessel on fixed time charter in May 2026
Cash distribution per share
US$0.22 per share
Approved for May 2026, from Contributed Surplus
Time charter revenues
US$20.5 million
One-month period ended May 31, 2026
Operating revenues, gross
US$21.3 million
Time charter revenues plus address commission, May 2026
Fleet operational days
372 days
For the one-month period ended May 31, 2026
Baltic 5TC 180 Capesize Index
US$42,475
Average during May 2026
Key Terms
time charter equivalent, index-linked time charters, scrubber benefits, Contributed Surplus account, +2 more
6 terms
time charter equivalent financial
"In May 2026, Himalaya Shipping Ltd. achieved average time charter equivalent (“TCE”) earnings of approximately US$57,200 per day, gross"
Time charter equivalent (TCE) converts the money a ship earns on specific trips into a single daily rate, so different voyages and contract types can be compared on the same scale. Think of it as translating various one-off jobs into a common “daily wage,” which matters to investors because it reveals how much a vessel or fleet is earning per day, helping assess operating profitability, cash flow and valuation across companies and market conditions.
index-linked time charters financial
"The Company's eleven vessels trading on index-linked time charters earned approximately US$59,600 per day, gross"
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.
scrubber benefits technical
"achieved average TCE earnings of approximately US$57,200 per day, gross, including average daily scrubber benefits of approximately US$1,300 per day"
Contributed Surplus account financial
"The Board has approved a cash distribution of US$0.22 per share for May 2026. The distribution will be made from the Company's Contributed Surplus account."
record date financial
"Record date: June 22, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
Ex-date financial
"Ex-date: June 19, 2026"
The ex-date is the specific day when a stock stops trading with the right to receive an upcoming dividend or other benefit. If you buy the stock on or after this date, you won't get the upcoming payout; instead, the seller will. It’s like a cut-off point that determines who is entitled to receive the benefits of a company’s distribution to shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What cash distribution did Himalaya Shipping (HSHP) declare for May 2026?
Himalaya Shipping declared a cash distribution of US$0.22 per share for May 2026. The payment will be made from the company’s Contributed Surplus account, with shareholders of record on June 22, 2026 eligible to receive the distribution.
How strong were Himalaya Shipping (HSHP) time charter equivalent earnings in May 2026?
In May 2026, Himalaya Shipping reported average TCE earnings of about US$57,200 per day, gross. This figure includes roughly US$1,300 per day in scrubber benefits and reflects time charter and voyage revenues divided by 372 fleet operational days.
What did Himalaya Shipping (HSHP) earn on index-linked and fixed charters in May 2026?
Himalaya’s eleven vessels on index-linked time charters earned about US$59,600 per day, gross in May 2026. Its single vessel on a fixed time charter earned about US$30,300 per day, gross, highlighting different earnings profiles across contract types.
What are the key ex-date and last day including right for HSHP on Euronext?
For shares traded on Euronext, the last day including right is June 18, 2026. The ex-date is June 19, 2026, determining which trades carry entitlement to the May 2026 cash distribution.
How does Himalaya Shipping (HSHP) define average TCE earnings, gross?
Himalaya defines average TCE earnings, gross as time and voyage charter revenues plus address commissions, divided by fleet operational days. This non-U.S. GAAP measure, reported at US$57,200 per day for May 2026, helps assess the fleet’s daily income performance.
What operating revenues and fleet days did HSHP report for May 2026?
For the one-month period ended May 31, 2026, Himalaya reported time charter revenues of US$20.5 million plus US$0.8 million in address commissions, for operating revenues, gross of US$21.3 million over 372 fleet operational days.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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