Himalaya oppstart


Har planer om kjøpe meg rolig opp her tidlig. Blir vel fort dyrt når skipene begynner å komme ut fra verftet. Noen som kjenner til finansieringen? Er det planlagt emisjoner for betaling av skip?

Skipene blir finansiert ved sale/leaseback. Det blir ikke flere emisjoner da alt er ferdig arrangert. HSHIP har i tillegg bestemt seg for å innstallere scrubbers. Dette pga de skyhøye LNG prisene.

Fra Arctic i dag:


HSHIP Q2/22 – Closing in on cash flow:

This morning, Himalaya Shipping reported its quarterly figures for Q2/22. As the company does not have any vessels on water, the numbers were in line with expectations.

Importantly, HSHIP noted that the newbuilding program is progressing according to schedule, meaning that the first ships (Mount Norefjell and Mount Ita) are expected to be delivered in March next year.

Also, the company has decided to increase the size of the LSFO/MGO tanks so that the vessels can do a full round voyage Brazil-China both on LSFO and LNG, thereby increasing trading flexibility.

As a further step to increase flexibility, the company is considering installing scrubbers on the vessels. On vessel values, HSHIP said that the most recent Capesize dual fuel newbuilding at a Chinese yard was priced at USD 82m with delivery in 2025.

The company estimates additional costs of USD 4-6m in order to get up to a HSHIP vessel size and spec. Furthermore, there have also been orders for similar ships in Japan at USD 90m. In our NAV estimate of NOK 91/sh, we value the vessels at USD ~86m on average.

As such, HSHIP is trading at a P/NAV of 0.60x, while the vessels are implicitly valued at USD ~76m apiece. On chartering, HSHIP said that it has received several requests from charterers, and that discussions are ongoing. Based on the commercial capabilities of the vessels, the company continues to expect to achieve rates at a significant premium to the Capesize index.

As of quarter end, the company has USD 34.0m of outstanding long-term debt (gross of deferred financing fees), while outstanding capex commitments amount to USD 713.9m.

The latter will be covered by the sale leaseback financing, as announced back in April. Should the company incur additional expenses (i.e. working capital needs), Magni Partners has provided an unsecured USD 15m revolving credit facility with a margin of 8% (available until 31 Dec ’23).
Redigert 10.08.2022 kl 12:30 Du må logge inn for å svare
hogan
30.01.2023 kl 13:19 274

Longsit sa i april i fjor at denne er deep in the money og kursen var det samme som nu femtilappen.
To ship på vannet i mars et i april og tre til i år.
Kan det bli bedre timing.
Et på to år rate 30000 og de andre på indeks, 140% premium på cape, utbytter hver mnd og fullfinansiert, tjener store penger fra første dag
Nav i august i fjor 91 pga av økte skipspriser
Denne er ikke lenge på 51, bør være i 70-75 i mars
Bli med oppturen i bulk nu med Himalaya med tipp topp nye ship
Kommer seks stk neste år også.
Kjøper man nu blir det bra med utbytter.
Har også scrubber med bra premium der oppå 140% premium på cape