Earnings ·
Himalaya Shipping reports $29.6M H1 net income on higher TCE rates and Peak Maritime consolidation
HSHPHimalaya Shipping Ltd.
Himalaya Shipping Ltd. reported a net income of $29.6 million for the six months ended June 30, 2026, compared to a net loss of $5.3 million in the prior year period. Total operating revenues increased 68.2% to $87.3 million, driven by higher average time charter equivalent earnings of $41,500 per day versus $24,800 per day in H1 2025 and the consolidation of Peak Maritime Management AS from April 1, 2026. The company declared cash distributions of $0.68 per share for the six-month period and an additional $0.22 per share in July and August 2026. As of June 30, 2026, principal debt outstanding was $687.6 million, with cash and cash equivalents totaling $34.8 million. Himalaya Shipping Ltd. operates a fleet of Newcastlemax dry bulk vessels engaged in the global shipping of raw materials.