500,000 DWT Chinamax Dual-Fuel Synthetic Liquid Hydrogen Bulk Carrier 15-Year Charter 2026

Underwrite ultra-large 500,000 DWT Chinamax VLOC dry bulk carriers powered by cryogenic liquid hydrogen dual-fuel fuel cell / internal combustion systems on 15-year fixed time charters ($58,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Cryo-Hydrogen Crew, Spares & Marine Ins ($/day)

Newbuild Liquid Hydrogen Chinamax Capex ($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