Newer entity (Himalaya Shipping), older release date (02/15/24)
- Operating revenue of $18.3M
- Net income of $4.6M
- Completed a private placement of new shares @ $5.64/sh and raised $17M in new capital (had expected this to happen ever since last year’s IPO)
Subsequent developments include the delivery of three additional newbuilds, sale & leaseback financing for the vessels, conversion of two index-related to fixed charter (plus a scrubber premium), and declared a 1c/sh monthly div
The three 2024 deliveries happened to coincide with a nice BDI uptick. That said, will HSHP need another private placement to cover the equity portion of the last three newbuilds?