320,000 DWT Newcastlemax Dual-Fuel Liquefied Biomethane (LBM) Bulk Carrier 15-Year Charter 2026

Underwrite 320,000 DWT Newcastlemax bulk carriers powered by drop-in liquefied biomethane (LBM) dual-fuel ME-GI engines on 15-year net-zero iron ore charters ($46,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Cryo-Gas Tech Crew, Spares & Maritime Ins ($/day)

Newbuild LBM Newcastlemax Capex ($M)

Senior Maritime Clean Loan Financing (%)

Ship Mortgage Interest Rate (%)

Projected Economics

Annual Operating EBITDA

Net Annual Distributable Cash Flow

Net Cash-on-Cash Dividend Yield