Himalaya Shipping (NYSE: HSHP) sets $0.22 June cash distribution
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Himalaya Shipping Ltd. reported a strong commercial update for June 2026 and approved a cash distribution to shareholders. The company achieved average time charter equivalent (TCE) earnings of about US$52,900 per day, gross, including roughly US$1,300 per day in scrubber benefits.
Seven vessels on index-linked charters earned about US$52,500 per day, gross, while five vessels on fixed time charters earned about US$53,400 per day, gross. For June, the Baltic 5TC 180 Capesize Index averaged US$35,414.
The Board approved a cash distribution of US$0.22 per share for June 2026, to be paid from the Contributed Surplus account. The record date is July 20, 2026, with shares on Euronext last trading with rights on July 16 and ex-date on July 17. On the New York Stock Exchange, the last day including rights is July 17 with an ex-date of July 20, 2026. Payment is expected on or about July 28, 2026 for most shareholders and around July 31, 2026 for Euronext VPS-registered holders.
Positive
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Negative
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Key Figures
Average TCE earnings, gross: US$52,900 per day
Index-linked charter TCE: US$52,500 per day
Fixed charter TCE: US$53,400 per day
+5 more
8 metrics
Average TCE earnings, gross
US$52,900 per day
Fleet-wide average for June 2026, including scrubber benefits
Index-linked charter TCE
US$52,500 per day
Seven vessels on index-linked time charters, June 2026
Fixed charter TCE
US$53,400 per day
Five vessels on fixed time charters, June 2026
Baltic 5TC 180 Capesize Index
US$35,414
Average during June 2026
Cash distribution
US$0.22 per share
Approved for June 2026 from Contributed Surplus
Time charter revenues
US$18.3 million
One-month period ended June 30, 2026
Operating revenues, gross
US$19.0 million
One-month period ended June 30, 2026
Fleet operational days
360 days
One-month period ended June 30, 2026
Key Terms
time charter equivalent, scrubber benefits, Capesize Index, Contributed Surplus account, +2 more
6 terms
time charter equivalent financial
"achieved average time charter equivalent (“TCE”) earnings of approximately US$52,900 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$1,300 per day"
Capesize Index financial
"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.
non-U.S. GAAP measure regulatory
"Average TCE earnings, gross is a non-U.S. GAAP measure of the average daily revenue performance"
FAQ
What TCE earnings did Himalaya Shipping (HSHP) report for June 2026?
Himalaya Shipping reported average TCE earnings of about US$52,900 per day, gross, for June 2026. This figure includes roughly US$1,300 per day in scrubber benefits and reflects the fleet’s overall daily revenue performance during the month.
How did Himalaya Shipping’s fixed and index-linked charters perform in June 2026?
In June 2026, seven vessels on index-linked time charters earned about US$52,500 per day, gross. Five vessels on fixed time charters earned about US$53,400 per day, gross, with both figures including average daily scrubber benefits.
What cash distribution did Himalaya Shipping (HSHP) declare for June 2026?
The Board approved a cash distribution of US$0.22 per share for June 2026. The distribution will be paid from the Company’s Contributed Surplus account and reflects cash being returned directly to shareholders for that month.
What are the key record and ex-dates for Himalaya Shipping’s June 2026 distribution?
The record date for the June 2026 US$0.22 per share distribution is July 20, 2026. On Euronext, the last day including rights is July 16 and ex-date July 17. On the NYSE, last day including rights is July 17 and ex-date July 20.
How does the Baltic 5TC 180 Capesize Index relate to Himalaya Shipping’s June 2026 earnings?
For one vessel on an index-linked time charter, June reported earnings are mainly based on May Capesize index rates plus a premium. The Baltic 5TC 180 Capesize Index averaged US$35,414 in June 2026, influencing earnings for that contract structure.