Overview
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- TickerHSHP on NYSE2
- IndustryDeep Sea Foreign Transportation of Freight2
- HeadquartersHamilton, Bermuda2
- Incorporated inBermuda4
- Business addressS.E. Pearman Bldg., 2Nd Floor, 9 Par-La-Ville Road, Hamilton, D0 Hm 114
- Filer categoryAccelerated filer, Emerging growth company4
- Legal formExempted Companies Limited by Shares2
- LEI984500D86FFE5EYE79882
- StatusActive2
- LEI statusIssued and current2
- Registered addressS.E. Pearman Building, 2nd Floor, 9 Par-la-Ville Road, HM 11 Hamilton, Bermuda2
- Registered withRegistrar of Companies (Ministry of Economic Development), 564902
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Himalaya Shipping Ltd. was incorporated in Bermuda on March 17, 2021, pursuant to the Companies Act 1981 of Bermuda, as an exempted company limited by shares. Himalaya Shipping Ltd. was founded for the purpose of owning high-quality Newcastlemax dry bulk vessels, each with capacity in the range of 210,000 dead weight tons (“dwt”) which are equipped with the latest generation dual fuel LNG technology. We and our subsidiaries have twelve vessels in operation.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue21¢$28.0M
- Other costs65¢$86.2M
- Profit13¢$17.7M
Out of $131.9M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid52¢$26.9M
- Kept or used elsewhere48¢$24.8M
Out of $51.7M of cash from operations.3
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Time charter revenues | $131.9M | $123.6M | $36.7M |
| Total operating revenues | $131.9M | $123.6M | $36.7M |
| Vessel operating expenses | -$28.0M | -$23.8M | -$8.6M |
| Voyage expenses and commissions | -$1.6M | -$1.6M | -$600.0K |
| General and administrative expenses | -$4.9M | -$5.0M | -$3.8M |
| Depreciation | -$29.2M | -$26.5M | -$9.1M |
| Total operating expenses | -$63.7M | -$56.9M | -$22.1M |
| Operating income | $68.2M | $66.7M | $14.6M |
| Interest income | $1.0M | $1.0M | $800.0K |
| Interest expense, net of amounts capitalized | -$51.4M | -$46.6M | -$13.6M |
| Other financial (expenses) income, net | -$100.0K | $0 | -$300.0K |
| Total financial expenses, net | -$50.5M | -$45.6M | -$13.1M |
| Net income before income tax | $17.7M | $21.1M | $1.5M |
| Income tax (expense)/benefit | $0 | $0 | $0 |
| Net income attributable to shareholders of Himalaya Shipping Ltd | $17.7M | $21.1M | $1.5M |
| Total comprehensive income attributable to shareholders of Himalaya Shipping Ltd. | $17.7M | $21.1M | $1.5M |
| Basic earnings per share (in USD per share) | $0.38 | $0.48 | $0.04 |
| Diluted earnings per share (in USD per share) | $0.38 | $0.48 | $0.04 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $32.4M | $19.4M | |||
| Trade receivables | $700.0K | $1.2M | |||
| Prepaid expenses and other current assets | $6.6M | $6.2M | |||
| Total current assets | $39.7M | $26.8M | |||
| Equity method investment | $400.0K | $300.0K | $0 | ||
| Vessels and equipment, net | $823.8M | $853.0M | |||
| Total non-current assets | $824.2M | $853.3M | |||
| Total assets | $863.9M | $880.1M | |||
| Current portion of long-term debt | $23.6M | $24.3M | |||
| Trade payables | $1.3M | $800.0K | |||
| Accrued expenses | $6.4M | $7.2M | |||
| Unearned income | $4.8M | $3.2M | |||
| Other current liabilities | $500.0K | $300.0K | |||
| Total current liabilities | $36.6M | $35.8M | |||
| Long-term debt | $665.6M | $689.6M | |||
| Total non-current liabilities | $665.6M | $689.6M | |||
| Total liabilities | $702.2M | $725.4M | |||
| Common shares of par value $1.00 per share: authorized $140,010,000 (2024: $140,010,000) shares, issued and outstanding $46,650,000 (2024: $43,900,000) shares | $46.7M | $43.9M | |||
| Additional paid-in capital | $27.4M | $14.4M | |||
| Contributed surplus | $50.3M | $76.8M | |||
| Retained earnings | $37.3M | $19.6M | |||
| Total shareholders' equity | $161.7M | $154.7M | $154.2M | $90.4M | |
| Total liabilities and shareholders' equity | $863.9M | $880.1M | |||
| Common stock, par value per share (in USD per share) | $1.00 | $1.00 | $1.00 | $1.00 | |
| Common stock, shares authorized (in shares) | 140.0M shares | 140.0M shares | |||
| Common stock, shares issued (in shares) | 46.6M shares | 43.9M shares | 43.9M shares | ||
| Common stock, shares outstanding (in shares) | 46.6M shares | 43.9M shares |
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $32.4M | $19.4M | |||
| Trade receivables | $700.0K | $1.2M | |||
| Prepaid expenses and other current assets | $6.6M | $6.2M | |||
| Total current assets | $39.7M | $26.8M | |||
| Equity method investment | $400.0K | $300.0K | $0 | ||
| Vessels and equipment, net | $823.8M | $853.0M | |||
| Total non-current assets | $824.2M | $853.3M | |||
| Total assets | $863.9M | $880.1M | |||
| Current portion of long-term debt | $23.6M | $24.3M | |||
| Trade payables | $1.3M | $800.0K | |||
| Accrued expenses | $6.4M | $7.2M | |||
| Unearned income | $4.8M | $3.2M | |||
| Other current liabilities | $500.0K | $300.0K | |||
| Total current liabilities | $36.6M | $35.8M | |||
| Long-term debt | $665.6M | $689.6M | |||
| Total non-current liabilities | $665.6M | $689.6M | |||
| Total liabilities | $702.2M | $725.4M | |||
| Common shares of par value $1.00 per share: authorized $140,010,000 (2024: $140,010,000) shares, issued and outstanding $46,650,000 (2024: $43,900,000) shares | $46.7M | $43.9M | |||
| Additional paid-in capital | $27.4M | $14.4M | |||
| Contributed surplus | $50.3M | $76.8M | |||
| Retained earnings | $37.3M | $19.6M | |||
| Total shareholders' equity | $161.7M | $154.7M | $154.2M | $90.4M | |
| Total liabilities and shareholders' equity | $863.9M | $880.1M | |||
| Common stock, par value per share (in USD per share) | $1.00 | $1.00 | $1.00 | $1.00 | |
| Common stock, shares authorized (in shares) | 140.0M shares | 140.0M shares | |||
| Common stock, shares issued (in shares) | 46.6M shares | 43.9M shares | 43.9M shares | ||
| Common stock, shares outstanding (in shares) | 46.6M shares | 43.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $17.7M | $21.1M | $1.5M |
| Non-cash compensation expense related to stock options | $200.0K | $500.0K | $500.0K |
| Depreciation of vessels | $29.2M | $26.5M | $9.1M |
| Amortization of deferred finance charges | $2.7M | $2.4M | $1.4M |
| Accounts receivable | $500.0K | -$500.0K | -$800.0K |
| Amounts due to/from related parties | $0 | $0 | -$2.7M |
| Accounts payable | $500.0K | -$900.0K | $500.0K |
| Accrued expenses | -$500.0K | $4.3M | $1.0M |
| Other current and non-current assets | -$400.0K | $300.0K | -$5.1M |
| Unearned income and other current liabilities | $1.8M | $2.2M | $1.0M |
| Net cash provided by operating activities | $51.7M | $55.9M | $6.4M |
| Additions to newbuildings | $0 | -$313.1M | -$413.0M |
| Acquisition of equity method investment | $0 | -$300.0K | $0 |
| Net cash used in investing activities | $0 | -$313.4M | -$413.0M |
| Proceeds from issuance of common shares, net of paid issuance costs | $15.5M | $0 | $62.2M |
| Proceeds from issuance of long-term and short-term debt (net of deferred finance charges paid to lender) | $0 | $295.5M | $391.4M |
| Other deferred finance charges paid | $0 | -$2.3M | -$4.0M |
| Proceeds from short-term debt from related party | $6.0M | $0 | $0 |
| Proceeds from issuance of long-term debt from related party | $0 | $0 | $1.0M |
| Repayment of short-term and long-term debt from related party | -$6.0M | $0 | -$2.0M |
| Repayment of long-term and short-term debt | -$27.3M | -$21.2M | -$16.8M |
| Payment of cash distributions | -$26.9M | -$20.6M | $0 |
| Net cash provided by (used in) financing activities | -$38.7M | $251.4M | $431.8M |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | $13.0M | -$6.1M | $25.2M |
| Interest paid, net of capitalized interest | -$49.5M | -$40.3M | -$13.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Himalaya Shipping Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Himalaya Shipping Ltd.
- Goldman Sachs Filed SCHEDULE 13G/A on Himalaya Shipping Ltd., latest Aug 13, 2026 (2 filings since May 15, 2026)
- Drew Holdings Ltd Filed SCHEDULE 13G/A on Himalaya Shipping Ltd., latest May 5, 2026 (5 filings since Feb 13, 2024)
- Himalaya Shipping Ltd. Hamilton, Bermuda
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Himalaya Shipping Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $823.8M3 Dec 31, 2025 | $853.0M3 Dec 31, 2024 | −3.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $32.4M3 Dec 31, 2025 | $19.4M3 Dec 31, 2024 | +67.0% |
| Stakes in other companies (equity method) | $400.0K3 Dec 31, 2025 | $300.0K3 Dec 31, 2024 | +33.3% |
Inventory
Leadership
Who has led Himalaya Shipping Ltd., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerLars-Christian Svensen Mar 16, 2026 to now8
- Chief financial officerVidar Hasund Mar 16, 2026 to now9
Board members and other officers (4)
- CAOAlfi Lao Mar 16, 2026 to now10
- Board memberJehan Mawjee Mar 16, 2026 to now11
- Board memberMi Hong Yoon Mar 16, 2026 to now12
- Board memberBjorn Andreas Freng Isaksen Mar 17, 2026 to now13
Timeline
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/202614
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
194 filings to the SEC since October 2021: 3 annual reports, 14 insider forms, 7 large holders, 170 other. The latest 20:
- Oct 7, 20266-K EDGAR
- Sep 16, 20266-K EDGAR
- Sep 8, 20266-K EDGAR
- Sep 8, 20266-K EDGAR
- Aug 27, 20266-K EDGAR
- Aug 19, 20264 EDGAR
- Aug 18, 20266-K EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 20266-K EDGAR
- Aug 11, 20266-K EDGAR
- Aug 11, 20266-K EDGAR
- Aug 11, 20266-K EDGAR
- Aug 6, 20266-K EDGAR
- Aug 3, 20266-K EDGAR
- Jul 14, 20266-K EDGAR
- Jul 8, 20266-K EDGAR
- Jun 18, 2026EFFECT EDGAR
- Jun 18, 20264 EDGAR
- Jun 18, 20266-K EDGAR
- Jun 15, 2026F-3/A EDGAR
The 194 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 1 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Hasund VidarContracted CFO | Sale | 100,000 | $15.85 | $1.6M | Form 4 |
| May 22, 2026 | Svensen Lars-ChristianContracted CEO | Buy | 4,000 | $14.20 | $56.8K | Form 4 |
| Apr 9, 2026 | Isaksen Bjorn Andreas FrengDirector | Sale | 300,000 | $13.40 | $4.0M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Goldman SachsSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 13, 202615
- Drew Holdings LtdSCHEDULE 13G/A, 5 filings Feb 13, 2024 to May 5, 202616
SEC filer profile
How Himalaya Shipping Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHimalaya Shipping Ltd.1
- CIK0001959455
- Filer statusAccelerated filer an emerging growth company; not a shell company5
- Incorporated inBermuda5
- Fiscal year endsDecember 311
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressS.E. Pearman Bldg., 2Nd Floor, 9 Par-La-Ville Road, Hamilton, D0 HM 111
- Phone441-737-01521
- Shares outstanding46,650,000 shares as of Dec 31, 20255
- AuditorPricewaterhouseCoopers AS, Oslo, Norway PCAOB ID 1318; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceDec 22, 20221
- Filings194 in all: 6-K (137), 3 (8), 4 (6), CORRESP (6), UPLOAD (6), SCHEDULE 13G/A (5), F-1/A (4), 20-F (3)1
All 21 form types
SEC STAFF LETTER (3), DRS (2), DRS/A (2), DRSLTR (2), EFFECT (2), 424B4 (1), 8-A12B (1), CERT (1), F-1 (1), F-3 (1), F-3/A (1), SC 13G (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Mar 12, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common shares, par value $1.00 per share | HSHP | New York Stock Exchange |
From the cover page of the 20-F filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10SEC EDGARAlfi Lao, CAO
- 11SEC EDGARJehan Mawjee, Board member
- 12SEC EDGARMi Hong Yoon, Board member
- 13
- 14NasdaqNasdaq calendar
- 15
- 16