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home / news releases / himalaya shipping is still not our choice


SBLK - Himalaya Shipping Is Still Not Our Choice

2024-05-29 07:13:02 ET

Summary

  • Himalaya Shipping is a small and young company.
  • To finance this venture, sale of vessels with leaseback is chosen.
  • Compared to well-established peers with excellent balance sheets, HSHP needs to build equity before they should think about returning capital.

Investment Thesis

In November last year, we maintained a Hold stance on Himalaya Shipping Ltd. ( HSHP ).

We are generally bullish on the drybulk and tanker sector within the maritime shipping industry. This can be seen from our buy calls on companies such as Star Bulk Carriers ( SBLK ), Golden Ocean Group ( GOGL ), Frontline ( FRO ) and DHT Holdings ( DHT )....

For further details see:

Himalaya Shipping Is Still Not Our Choice
Stock Information

Company Name: Star Bulk Carriers Corp.
Stock Symbol: SBLK
Market: NASDAQ
Website: starbulk.com

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