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Hamilton, Bermuda - November 9, 2023 In October 2023, the Company achieved average time charter equivalent ("TCE") earnings of approximately US$35,400 per day, gross. The Company's five vessels trading on index-linked time charters earned approximately US$36,500 per day, gross, including average daily scrubber and LNG benefits of approximately US$1,300 per day. The Company's only vessel trading on a fixed time charter earned US$30,000 per day, gross. The Baltic 5TC Capesize Index averaged US$25,557 during October 2023. About Himalaya Shipping Ltd.: Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuel Newcastlemax dry bulk carriers, 6 of them delivered this year and the remaining 6 to be delivered by Q3 2024. Appendix A - Reconciliation of Non-U.S. GAAP Measures Time Charter Equivalent ("TCE") Earnings, gross The following table sets forth a reconciliation of time charter revenues to the average TCE earnings, gross (unaudited) for the period presented: (In millions of U.S. dollars except per day data) For the one-month period ended October 31, 2023 
Himalaya Shipping Ltd. press release 
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