900,000 DWT Chinamax Dual-Fuel Synthetic Liquid Bio-Ammonia Bulk Carrier 15-Year Charter 2026

Underwrite 900,000 DWT Chinamax VLOC dry bulk carriers powered by drop-in synthetic liquid bio-ammonia dual-fuel 2-stroke engines on 15-year fixed time charters ($66,000/day TCE) and cash dividend yields.

Underwriting Assumptions

15-Year Fixed Time Charter Rate ($/day TCE)

Bio-Ammonia Crew, Spares & Marine Ins ($/day)

Newbuild Bio-Ammonia 900k DWT Chinamax ($M)

Senior Maritime Clean Energy Loan Financing (%)

Ship Mortgage Interest Rate (%)

Projected Economics

Annual Operating EBITDA

Net Annual Distributable Cash Flow

Net Cash-on-Cash Dividend Yield