Himalaya Shipping (NYSE:HSHP) reported a first-quarter profit as higher charter earnings lifted revenue and operating cash flow, while management said it remains positioned for strength in the Capesize and Newcastlemax dry bulk markets.
Chief Executive Officer Lars-Christian Svensen said the company generated net profit of $5 million and EBITDA of $24.5 million in Q1 2026. Time Charter Equivalent, or TCE, earnings were approximately $32,300 per day for the quarter. The company declared total cash distributions of $0.18 per share for January, February and March.
