🚢 Maritime Freight & Infrastructure

4,500,000 DWT Chinamax Dual-Fuel Synthetic Liquid Bio-E-Butanol Bulk Carrier 15-Year Charter 2026

Underwrite 4,500,000 DWT Chinamax ultra-large dry bulk carriers powered by synthetic liquid bio-e-butanol on 15-year fixed time charters ($100,500/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Bio-E-Butanol Crew & Marine Ins ($/day)

Newbuild Bio-E-Butanol 4.5M DWT Chinamax ($M)

Senior Maritime Loan Financing (%)

Ship Mortgage Interest Rate (%)

Projected Economics

Annual Operating EBITDA

Net Annual Distributable Cash Flow

Net Cash-on-Cash Dividend Yield