180,000 DWT Capesize Newcastlemax Ammonia-Fueled Bulk Carrier 12-Year Charter Yield 2026

Underwrite 180,000 DWT Capesize Newcastlemax iron ore bulk carriers with ammonia dual-fuel engines on 12-year mining major contracts ($34,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Technical Crew, Ammonia Spares & Ins ($/day)

Newbuild Newcastlemax Vessel Acquisition ($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