Himalaya Shipping may offload some of its newcastlemax newbuildings if bulker markets fall short of projections.
This is the view of Clarksons Securities, which described the Tor Olav Troim-backed owner’s cash position of $4m at the end of June as “a little tight”.
Analysts Frode Morkedal and Even Kolsgaard said, however, that the Oslo-listed company has $15m of a revolving credit facility still untouched.
