# EDGAR Filing Document

**Accession Number:** 0001959455
**File Stem:** 0000000000-23-001655
**Filing Date:** 2023-2
**Character Count:** 10911
**Document Hash:** bcb189ea3e670fa771459a3898a18a32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001655.hdr.sgml**: 20230427

**ACCESSION NUMBER**: 0000000000-23-001655

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230217

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Himalaya Shipping Ltd.
- **CENTRAL INDEX KEY:** 0001959455
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** S.E. PEARMAN BLDG., 2ND FLOOR
- **STREET 2:** 9 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11
- **BUSINESS PHONE:** 441-737-0152

**MAIL ADDRESS:**
- **STREET 1:** S.E. PEARMAN BLDG., 2ND FLOOR
- **STREET 2:** 9 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001140361-22-046552

## Text-Extract

```

United States securities and exchange commission logo

                           February 17, 2023

       Herman Billung
       Chief Executive Officer
       Himalaya Shipping Ltd.
       S.E. Pearman Building, 2nd floor
       9 Par-la-Ville Road
       Hamilton HM 11, Bermuda

                                                        Re: Himalaya Shipping
Ltd.
                                                            Amendment No. 1 to
Draft Registration Statement on Form F-1
                                                            Submitted January
30, 2023
                                                            CIK No. 0001959455

       Dear Herman Billung:

             We have reviewed your amended draft registration statement and
have the following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 1 to Draft Registration Statement on Form F-1

       Dividends and Dividend Policy, page 46

   1.                                                   We note your response
to prior comment 5. However, it does not appear that you have
                                                        included related
disclosure in the prospectus. Please disclose whether your dividend
                                                        policy will be
reflected in any written policy.
 Herman Billung
FirstName LastNameHerman Billung
Himalaya Shipping Ltd.
Comapany17,
February  NameHimalaya
            2023       Shipping Ltd.
February
Page 2 17, 2023 Page 2
FirstName LastName
Sale and Leaseback Arrangements, page 52

2.       We note your response to prior comment 6, and reissue such comment.
Please disclose all
         material terms of the sale and leaseback arrangements. For example,
please disclose the
         termination provisions.
Industry Overview, page 62

3.       We note your response to prior comment 1. We also note your disclosure
that the
         discussion contained in the    Industry Overview    section has been
compiled from
         Clarksons from its database and other industry sources. If any of
these reports were
         commissioned by you for use in connection with the registration
statement, please file
         consents pursuant to Rule 436 of the Securities Act as exhibits to
your registration
         statement or tell us why you believe you are not required to do so. We
also note that you
         have included detailed information throughout this section without
attributing such
         information to any one specific source where such information is
presented. Please revise.
Business
Our Fleet, page 84

4.       Please disclose in this section the material terms of each charter
agreement, including the
         charter period, provisions relating to the charter rate, and
termination provisions.
Our Competitive Strengths
Additional Features of our vessels, page 90

5.       Please revise your disclosure to clarify how SOx emissions will be
negligible when your
         vessels start operating on LNG or using a scrubber. In addition,
disclose in this section the
         uncertainties with respect to financing for the scrubbers, and that
LNG is not currently
         economical to use for dual fuel vessels at current LNG market prices.
We note your
         related disclosure on page 1.
Description of Share Capital, page 113

6.       We note your response to prior comment 4, and reissue such comment. In
that regard, we
         note your disclosure on pages 116 and 117 regarding the waiver by
shareholders. Please
         tell us whether the waiver applies to claims under the U.S. federal
securities laws. In
         addition, please tell us why you removed the risk factor disclosure
regarding such waiver.
Exhibits

7.       We note your response to prior comment 11 that the form of novation
agreement is
         included in the agreement filed as Exhibit 10.4. Please tell us where
such form of
         novation agreement is included in Exhibit 10.4.
 Herman Billung
Himalaya Shipping Ltd.
February 17, 2023
Page 3

       You may contact Lily Dang, Staff Accountant at 202-551-3867 or Mark
Wojciechowski,
Staff Accountant at 202-551-3759 if you have questions regarding comments on
the financial
statements and related matters. Please contact Michael Purcell, Staff Attorney
at 202-551-5351
or Laura Nicholson, Special Counsel at 202-551-3584 with any other questions.

                                                          Sincerely,
FirstName LastNameHerman Billung
                                                          Division of
Corporation Finance
Comapany NameHimalaya Shipping Ltd.
                                                          Office of Energy &
Transportation
February 17, 2023 Page 3
cc:       James McDonald
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 17, 2023

Herman Billung  
Chief Executive Officer  
Himalaya Shipping Ltd.  
S.E. Pearman Building, 2nd floor  
9 Par-la-Ville Road  
Hamilton HM 11, Bermuda

# **Re: Himalaya Shipping Ltd.  
Amendment No. 1 to Draft Registration Statement on Form F-1  
Submitted January 30, 2023  
CIK No. 0001959455**

Dear Herman Billung:

We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments.

Amendment No. 1 to Draft Registration Statement on Form F-1

Dividends and Dividend Policy, page 46

1. We note your response to prior comment 5. However, it does not appear that you have included related disclosure in the prospectus. Please disclose whether your dividend policy will be reflected in any written policy.

Herman Billung  
Himalaya Shipping Ltd.  
February 17, 2023  
Page 2

# Sale and Leaseback Arrangements, page 52

2. We note your response to prior comment 6, and reissue such comment. Please disclose all material terms of the sale and leaseback arrangements. For example, please disclose the termination provisions.

# Industry Overview, page 62

3. We note your response to prior comment 1. We also note your disclosure that the discussion contained in the “Industry Overview” section has been compiled from Clarksons from its database and other industry sources. If any of these reports were commissioned by you for use in connection with the registration statement, please file consents pursuant to Rule 436 of the Securities Act as exhibits to your registration statement or tell us why you believe you are not required to do so. We also note that you have included detailed information throughout this section without attributing such information to any one specific source where such information is presented. Please revise.

# Business

# Our Fleet, page 84

4. Please disclose in this section the material terms of each charter agreement, including the charter period, provisions relating to the charter rate, and termination provisions.

# Our Competitive Strengths

# Additional Features of our vessels, page 90

5. Please revise your disclosure to clarify how SOx emissions will be negligible when your vessels start operating on LNG or using a scrubber. In addition, disclose in this section the uncertainties with respect to financing for the scrubbers, and that LNG is not currently economical to use for dual fuel vessels at current LNG market prices. We note your related disclosure on page 1.

# Description of Share Capital, page 113

6. We note your response to prior comment 4, and reissue such comment. In that regard, we note your disclosure on pages 116 and 117 regarding the waiver by shareholders. Please tell us whether the waiver applies to claims under the U.S. federal securities laws. In addition, please tell us why you removed the risk factor disclosure regarding such waiver.

# Exhibits

7. We note your response to prior comment 11 that the form of novation agreement is included in the agreement filed as Exhibit 10.4. Please tell us where such form of novation agreement is included in Exhibit 10.4.

Herman Billung
Himalaya Shipping Ltd.
February 17, 2023
Page 3

You may contact Lily Dang, Staff Accountant at 202-551-3867 or Mark Wojciechowski, Staff Accountant at 202-551-3759 if you have questions regarding comments on the financial statements and related matters. Please contact Michael Purcell, Staff Attorney at 202-551-5351 or Laura Nicholson, Special Counsel at 202-551-3584 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Energy & Transportation

cc: James McDonald