Monitor Baltic Capesize index trends for forward earnings visibility; the $0.22/share distribution is consistent with prior months and provides a modest yield. No change to fleet or guidance — expect limited stock reaction.
Price Chart
Executive Summary
Himalaya Shipping reported May 2026 average TCE earnings of ~$57,200/day (index-linked fleet at ~$59,600/day, fixed charter at ~$30,300/day) and declared a $0.22/share cash distribution from contributed surplus. The Baltic Capesize Index averaged $42,475 during May. The monthly operational update and distribution declaration are routine, with no material change in fleet composition or financial guidance.
Key Facts
- Average TCE earnings of ~$57,200/day for May 2026, including ~$1,300/day scrubber benefits
- Eleven index-linked vessels earned ~$59,600/day; one fixed-rate vessel earned ~$30,300/day
- Baltic 5TC 180 Capesize Index averaged $42,475 in May 2026
- Board approved $0.22/share cash distribution for May 2026, payable from Contributed Surplus
- Record date June 22, 2026; payment on or about June 26, 2026 (NYSE ex-date June 22, 2026)
- Time charter revenues for May 2026: $20.5 million; operating revenues gross: $21.3 million; fleet operational days: 372
Financial Impact
Monthly TCE earnings of ~$57,200/day and $0.22/share distribution — no material change from prior monthly updates
Risk Factors
- Dry bulk shipping rates are volatile and subject to global trade demand, supply disruptions, and fuel cost changes
- Index-linked charter earnings lag spot rates by one month, creating reporting noise
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001959455-26-000088 |
| Document: pressreleasejune920266-k.htm | 0001959455-26-000088 |
| Document: 0001959455-26-000088-index-headers.html | 0001959455-26-000088 |
| Document: 0001959455-26-000088-index.html | 0001959455-26-000088 |
| Document: 0001959455-26-000088.txt | 0001959455-26-000088 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | 6-K | $17.62 | awaiting T+60 | — | $16.81 (−4.60%) |
Sep 8, 2026 7w ago | 6-K | $18.16 | awaiting T+60 | — | $16.81 (−7.43%) |
Aug 27, 2026 8w ago | 6-K | $16.30 | awaiting T+60 | — | $16.81 (+3.13%) |
Aug 18, 2026 10w ago | 6-K | $15.83 | awaiting T+60 | — | $16.81 (−6.19%) |
Aug 11, 2026 11w ago | 6-K | $15.51 | awaiting T+60 | — | $16.81 (+8.38%) |
Aug 11, 2026 11w ago | 6-K | $15.51 | awaiting T+60 | — | $16.81 (+8.38%) |
Aug 11, 2026 11w ago | 6-K | $15.51 | awaiting T+60 | — | $16.81 (+8.38%) |
Aug 11, 2026 11w ago | 6-K | $15.51 | awaiting T+60 | — | $16.81 (+8.38%) |
Jul 14, 2026 15w ago | 6-K | $15.69 $17.62 | ▲ +12.30% | ▲ +8.92% | $16.81 (+7.14%) |
Jul 8, 2026 15w ago | 6-K | $15.28 $18.05 | ▲ +18.13% | ▲ +15.63% | $16.81 (+10.01%) |
US Market Status
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