240,000 DWT Newcastlemax Dual-Fuel Ammonia Bulk Carrier 15-Year Charter Yield 2026

Underwrite 240,000 DWT Newcastlemax iron ore bulk carriers with green ammonia dual-fuel propulsion on 15-year fixed time charters ($37,500/day TCE) and cash dividend yields.

Underwriting Assumptions

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

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

Newbuild Ammonia Newcastlemax Capex ($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