Himalaya Shipping posts March TCE $32k, $0.06 payout

Himalaya Shipping Ltd. reported a March 2026 commercial update and approved a cash distribution of US$0.06 per share for the month.

Rhea-AI Filing Summary

Himalaya Shipping Ltd. reported a March 2026 commercial update and approved a cash distribution of US$0.06 per share for the month. The distribution will be paid from the Company’s contributed surplus account, with payments in NOK for Euronext VPS holders based on an April 27, 2026 FX fixing date.

In March 2026, the fleet achieved average time charter equivalent earnings of about US$32,000 per day, gross, including roughly US$1,100 per day in scrubber benefits. Five vessels on fixed time charters earned about US$29,200 per day, gross, while seven vessels on index-linked time charters earned about US$34,000 per day, gross, compared with a Baltic 5TC Capesize Index average of US$22,907. Time charter revenues for the month were US$11.5 million, with address commissions of US$0.4 million, over 372 fleet operational days.

Insights

Shipping equity analyst

Himalaya shows strong March TCE and maintains monthly cash distribution.

Himalaya Shipping generated average time charter equivalent earnings of US$32,000 per day, gross, in March 2026, including scrubber benefits of about US$1,100 per day. This compares with a Baltic 5TC Capesize index level of US$22,907, indicating a meaningful premium to the benchmark.

The company also approved a monthly cash distribution of US$0.06 per share from its contributed surplus account for March 2026. Key dates include a record date of April 20, 2026 and ex-dates of April 17, 2026 on Euronext and April 20, 2026 on the NYSE. These figures suggest the fleet is currently chartered on relatively favorable terms while sustaining regular shareholder payouts.

Key Figures

Average TCE earnings, gross: US$32,000 per day Scrubber benefits: US$1,100 per day Fixed charter TCE: US$29,200 per day +5 more

8 metrics

Average TCE earnings, gross US$32,000 per day Fleet average for March 2026, including scrubber benefits

Scrubber benefits US$1,100 per day Average daily scrubber benefits included in March 2026 TCE

Fixed charter TCE US$29,200 per day Five vessels on fixed time charters, March 2026, gross

Index-linked charter TCE US$34,000 per day Seven vessels on index-linked time charters, March 2026, gross

Baltic 5TC Capesize Index US$22,907 Average index level during March 2026

Cash distribution US$0.06 per share Approved for March 2026, paid from contributed surplus

Time charter revenues US$11.5 million For the one-month period ended March 31, 2026

Fleet operational days 372 days For March 2026, used in TCE calculation

Key Terms

time charter equivalent, scrubber benefits, Contributed Surplus account, Euronext VPS, +2 more

6 terms

time charter equivalent financial

"achieved average time charter equivalent (“TCE”) earnings of approximately US$32,000 per day"

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.

scrubber benefits technical

"including average daily scrubber benefits of approximately US$1,100 per day"

Contributed Surplus account financial

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

Euronext VPS market

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

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.

non-U.S. GAAP measure financial

"Average TCE earnings, gross is a non-U.S. GAAP measure of the average daily revenue performance"

FAQ

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

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

Himalaya Shipping approved a cash distribution of US$0.06 per share for March 2026. The payment comes from the Company’s contributed surplus account, with a record date of April 20, 2026 and payment expected on or about April 27, 2026.

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

In March 2026, Himalaya Shipping achieved average TCE earnings of about US$32,000 per day, gross, including scrubber benefits of roughly US$1,100 per day. This reflects the fleet’s average daily revenue performance across both fixed and index-linked time charters for the month.

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

Himalaya Shipping’s five vessels on fixed time charters earned about US$29,200 per day, gross, in March 2026. Its seven vessels on index-linked time charters earned about US$34,000 per day, gross, both figures including average daily scrubber benefits for the fleet.

How do Himalaya Shipping’s March 2026 TCE rates compare to the Baltic 5TC index?

For March 2026, Himalaya Shipping’s average TCE was about US$32,000 per day, gross, while the Baltic 5TC Capesize Index averaged US$22,907. This indicates the company’s charter mix generated earnings above the referenced benchmark market index during the month.

What are the key dates for Himalaya Shipping (HSHP) March 2026 distribution?

Key dates include a date of approval on April 7, 2026, a record date of April 20, 2026, and payment on or about April 27, 2026. Ex-dates are April 17, 2026 on Euronext and April 20, 2026 on the New York Stock Exchange.

How does Himalaya Shipping calculate average TCE earnings, gross?

Himalaya Shipping defines average TCE earnings, gross as time charter and voyage charter revenues plus address commissions, divided by fleet operational days. It is a non-U.S. GAAP measure used by management to describe the fleet’s daily income performance for investors.

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

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Accepted by SEC EDGAR 04/08/2026 - 06:24 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 April 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: April 8, 2026

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

Hamilton, Bermuda, April 8, 2026

Commercial update:

In March 2026, Himalaya Shipping Ltd. (“Himalaya,” or the “Company”) achieved average time charter equivalent (“TCE”) earnings of approximately US$32,000 per day, gross[1], including average daily scrubber benefits of approximately US$1,100 per day. The Company's five vessels trading on fixed time charters earned approximately US$29,200 per day, gross, including average daily scrubber benefits. The Company's seven vessels trading on index-linked time charters earned approximately US$34,000 per day, gross, including average daily scrubber benefits.

The Baltic 5TC 180 Capesize Index averaged US$22,907 during March 2026.

Cash distribution:

The Board has approved a cash distribution of US$0.06 per share for March 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 April 27, 2026.

Date of approval: April 7, 2026

Record date: April 20, 2026

Payment date: On or about April 27, 2026.

The following dates apply to shares traded on Euronext:

Last day including right: April 16, 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: April 17, 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 April 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: April 17, 2026

Ex-date: April 20, 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
						March 31, 2026
Time charter revenues						$11.5
Address commission						$0.4
Operating revenues, gross						$11.9
Fleet operational days						372
Average TCE Earnings, gross						$32,000

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 18.5 KB