Added to YB: 2026-05-25
Pitch date: 2026-05-22
HSHP [bullish]
Himalaya Shipping Ltd.
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company serves major commodity trading, commodity and energy transition, and multi-modal transport companies.
Market Cap
NOK 668.8M
Pitch Price
N/A
Price Target
N/A
Dividend
5.81%
EV/EBITDA
12.28
P/E
22.98
EV/Sales
9.25
Sector
Marine Transportation
Category
dividend
2026 Shipping Primer: The Trade of the Year - Himalaya Shipping Ltd.
HSHP: 12 modern dual fuel Capesize vessels (2023-2024 delivery), youngest/most efficient fleet. 48% premium over Baltic 5TC, 25% over peers. $17.3k cash breakeven vs $22k 5yr avg Capesize rate = 28 consecutive monthly divs. High operating leverage: $30k rate=$1.60/sh FCF, $45k=$3.50, $60k=$5.30. $703M mkt cap, $694M debt, 62% LTV, 7% fixed rate. Mgmt owns 33%.
Read full article (2 min)