260,000 DWT Newcastlemax Dual-Fuel Hydrogen Bulk Carrier 15-Year Charter Yield 2026

Underwrite 260,000 DWT Newcastlemax liquid hydrogen dual-fuel bulk carriers on 15-year green steel premium index-linked time charters ($41,500/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Technical Crew, Cryogenic LH2 Spares & Ins ($/day)

Newbuild Hydrogen Newcastlemax Capex ($M)

Senior Maritime Green Loan Financing (%)

Ship Mortgage Interest Rate (%)

Projected Economics

Annual Operating EBITDA

Net Annual Distributable Cash Flow

Net Cash-on-Cash Dividend Yield