Brief: Himalaya Shipping Expects Utilisation Rates To Improve

Himalaya Shipping

07/11/2024 08:47

Nov 7 (Reuters) - Himalaya Shipping Ltd  HSHP.OL :
    * WITH LIMITED SUPPLY OF LARGE BULK CARRIERS ENTERING
MARKETPLACE
IN COMING YEARS AND AGING FLEET, WE EXPECT UTILIZATION RATES TO
IMPROVE GOING FORWARD
    * TON MILE DEMAND IS UP BY 5.4% IN FIRST THREE QUARTERS OF
2024
COMPARED TO SAME PERIOD LAST YEAR
    * OUTLOOK: ONLY ABOUT 140 LARGE BULK CARRIERS ARE DUE FOR
DELIVERY
PRIOR TO 2028 AND WE EXPECT A SIGNIFICANT NUMBER OF VESSELS  TO
BE DUE FOR DRY DOCKING IN THE NEXT COUPLE OF YEARS
    * WE EXPECT THIS TO CONTINUE, DRIVEN BY MORE IRON ORE
PRODUCTION
IN ATLANTIC BASIN, WITH 120 MT OF NEW PRODUCTION CAPACITY COMING
IN GUINEA AND 50 MT IN BRAZIL
    * OUTLOOK: TON MILE INTENSIVE TRADES OF RAW MATERIALS
SOURCED IN
ATLANTIC BASIN WITH DEMAND IN THE FAR EAST IS EXPECTED TO 
CONTINUE

Source text:  ID:nWkr7BQ8G3 
Further company coverage:  HSHP.OL 

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