310,000 DWT Newcastlemax Dual-Fuel Green Ammonia Bulk Carrier 15-Year Charter 2026

Underwrite 310,000 DWT Newcastlemax bulk carriers powered by low-emission dual-fuel green ammonia 2-stroke marine engines on 15-year fixed time charters ($45,500/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Ammonia Tech Crew, Safety Systems & Ins ($/day)

Newbuild Green Ammonia Newcastlemax 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