420,000 DWT Chinamax Dual-Fuel Liquefied Synthetic e-Ammonia Bulk Carrier 15-Year Charter 2026

Underwrite 420,000 DWT Chinamax VLOC dry bulk ore carriers powered by zero-carbon green synthetic ammonia dual-fuel 2-stroke engines on 15-year fixed time charters ($55,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

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

Newbuild e-Ammonia 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