Himalaya Shipping Ltd. (HSHIP) – Installation of Exhaust Gas Cleaning System
Hamilton, Bermuda, August 25, 2022
Himalaya Shipping Ltd. (the “Company”) is pleased to announce that it has decided to install scrubbers (EGCS) on the entire fleet of twelve vessels presently under construction at New Times Shipyard (“NTS”) in China. The installation will be done within the previously agreed delivery schedule from the shipyard at attractive prices and payment terms.
After installation of scrubbers, the ships will have the ability to be fuelled with LNG, LSFO or HSFO. This offers significant increased flexibility for our customers and will be valuable in the ongoing employment discussions. Based on current spot pricing of LSFO versus HFO in Singapore the scrubber investment is estimated to give a total benefit of US$7,500/day when sailing, and based on our expected share of scrubber benefit the investment is expected to be paid back in less than 1.5 years.
The Management and Board would like to express their appreciation to NTS showing their willingness and ability to make alterations during the building process, underlining the excellent cooperation between builders and the Company.
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 ordered 12 LNG dual fuel Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.
Forward-Looking Statements
This announcement includes forward looking statements. Forward looking statements are, typically, statements that do not reflect historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Himalaya Shipping Ltd. believes that these assumptions are reasonable, they are, by their nature, uncertain and subject to significant known and unknown risks, contingencies and other factors which are difficult or impossible to predict and which are beyond our control. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein.
The information, opinions and forward-looking statements contained in this announcement speak only as of the date hereof and are subject to change without notice.