Himalaya Shipping Ltd. (HSHP) Form 6-K — May 21, 2026
Himalaya Shipping Ltd. (HSHP) reported a strong first quarter of 2026, turning a $6.4 million net loss in the prior year period into a $5.0 million net profit. Operating revenues surged 52.7% year-over-year to $33.6 million, driven by an average time charter equivalent (TCE) earnings of $32,300 per day, significantly outperforming the Baltic 5TC 180 Capesize Index average of $22,902 per day. The company declared total cash distributions of $0.18 per share for the quarter and announced a subsequent distribution of $0.15 per share for April 2026, reflecting robust cash generation.
Key figures
- Eps
- 0.11
- Revenue
- 33.6
- Net Income
- 5
- Total Debt
- 683.2
- Revenue Yoy
- 52.7%
- Cash Position
- 24.5
- Ebitda
- 24.5
- Average Tce Per Day
- 32300
- Fleet Utilization
- 99.8%
- Baltic Index Per Day
- 22902
- Ton Miles Growth Yoy
- 4.3%
- Cash Break Even Per Day
- 24400
- Cash Distribution Per Share
- 0.18
- Vessel Operating Cost Per Day
- 6800
AI analysis
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