# HSHP q4 2023 results

**URL:** <https://discussion.fool.com/t/hshp-q4-2023-results/102949>\
**Category:** Shipping News\
**Created:** [March 13, 2024, 11:12pm UTC](https://discussion.fool.com/t/hshp-q4-2023-results/102949 "2024-03-13T23:12:11Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [March 13, 2024, 11:12pm UTC](https://discussion.fool.com/t/hshp-q4-2023-results/102949/1 "2024-03-13T23:12:12Z")

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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)

> **[Himalaya Shipping Limited Announces its Preliminary Results for the Quarter...](https://news.cision.com/himalaya-shipping-ltd/r/himalaya-shipping-limited-announces-its-preliminary-results-for-the-quarter-ended-december-31--2023,c3929124)**
>
> Hamilton, Bermuda, February 15, 2024
> 
> Himalaya Shipping Limited (“Himalaya,” “Himalaya Shipping”

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?