Himalaya Shipping Q1 2026 Earnings: Strong Revenue Growth and Charter Agreements

Himalaya Shipping Ltd. reported strong first quarter 2026 results with total operating revenues of $33.6 million, representing a 52.7% increase year-over-year. The company achieved net income of $5.0 million compared to a net loss of $6.4 million in Q1 2025, with EBITDA reaching $24.5 million. Key highlights include entering into new time charter agreements for three vessels at index-linked rates reflecting significant premiums to the Baltic 5TC 180 Capesize index, and declaring cash distributions of $0.18 per share for Q1 2026. The company's fleet achieved average TCE earnings of approximately $32,300 per day, outperforming the Baltic 5TC 180 Capesize Index average of $22,902 per day. Subsequent events include achieving TCE earnings of approximately $41,600 per day for April 2026 and declaring a $0.15 per share distribution for April.