Fourth transfer on Oslo Børs in 2022
Market capitalisation of approximately NOK 1.64 billion
Oslo – 29 April 2022 – Oslo Børs, part of Euronext Group, today congratulates Himalaya Shipping (ticker: HSHIP) on the transfer from Euronext Growth Oslo to Euronext Expand Oslo that now counts 16 companies.
The company is an independent bulk carrier company that is a new player in the dry bulk market, with 12 dual fuel Newcastlemax dry bulk vessels currently under construction at New Times Shipbuilding in China. The vessels will deliver fuel efficiency and lower emissions, and they are prepared for next generation fuels.
At opening, the share price of Himalaya Shipping was set at NOK 51 per share based on its closing price on the Euronext Growth on 28 April. This corresponds to a total estimated value of the company of approximately NOK 1.64 billion.
Herman Bilung, Contracted CEO in Himalaya Shipping said: “Himalaya Shipping Ltd. with its 12 dual fuel ECO Newcastlemax vessels under construction, is proud to be listed on Euronext Expand. We highly appreciate the support from our investors, and we are excited to take delivery of the greenest vessels of its segment, with first-class specification."
About Himalaya Shipping
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. The company has ordered 12 LNG dual fuelled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.