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Himalaya Shipping readies New York IPO

Tor Olav Troim-backed Himalaya Shipping, an LNG-fuelled newcastlemax specialist, has filed a registration with the US Securities and Exchange Commission for a proposed initial public offering of newly issued common shares in the United States to go alongside its existing listing on the Euronext Expand in Norway.

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.

Last week 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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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