6-K - HSHP - Equibles

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 June 2023

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

2^nd^ 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 ☒ Form 40-F ☐

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/ Herman Billung
	Name:	Herman Billung
	Title:	Chief Executive Officer
Date: June 13, 2023

Exhibit 99.1

Himalaya Shipping Ltd. (HSHP) – Commercial Update

Hamilton, Bermuda, June 13, 2023

In May 2023, the Company achieved average time charter equivalent (“TCE”) earnings of approximately US$28,300 per day, gross^1^. The Company’s two vessels trading on index-linked time charter earned approximately US$27,400 per day, gross, including average daily scrubber benefits of approximately US$2,500 per day. The Company’s only vessel trading on fixed time charter earned US$30,000 per day, gross.

The Baltic 5TC Capesize Index averaged US$17,773 during May 2023.

For further queries, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has four vessels in operation and eight Newcastlemax dry bulk vessels under construction at New Times Shipyard in China. The remaining newbuildings are expected to be delivered by July 2024.

Forward Looking Statements:

This announcement includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements relating to the expected delivery date of our remaining newbuildings under construction and other 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 include risks relating to the delivery of our remaining newbuild vessels including the timing thereof and other risks, including those set forth under the heading “Risk Factors” in our Registration Statement on Form F-1/A 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.

^1^ Average TCE earnings is a non-U.S. GAAP measure of the average daily revenue performance of a vessel. Average TCE rate, gross, when used by the Company, means time charter revenues and voyage charter revenues excluding address commission, and adjusted from “load to discharge” basis to “discharge to discharge” basis and divided by operational days. Our management believes average TCE revenues 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.

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 daily TCE earnings, gross (unaudited) for the period presented:

(In millions of U.S. dollars except per day data)	For the one-month period ended<br><br> <br>May 31, 2023
Time charter revenues	$	2.5
Address commission	$	0.1
Operating revenues, gross	$	2.6
Fleet operational days		93
Average Daily TCE Earnings, gross	$	28,300