Tor Olav Troim-backed Himalaya Shipping, an LNG-fuelled newcastlemax specialist, has upped its proposed initial public offering in New York to $45m from $10m.
DNB Markets will act as sole global coordinator, joint bookrunner and representative of the underwriters for the offering. Clarksons Securities will serve as joint bookrunner and underwriter for the offering.
A month ago Himalaya Shipping took delivery of Mount Norefjell, the first of its 12 dual fuel newcastlemaxes under construction at China’s New Times yard. The vessel will commence on a two-year time-charter at $30,000 a day.
Himalaya is already listed on the Euronext Expand in Norway.
