360,000 DWT Newcastlemax Dual-Fuel Liquefied Bio-Propane (LBP) Bulk Carrier 15-Year Charter 2026

Underwrite 360,000 DWT Newcastlemax bulk carriers powered by drop-in liquefied bio-propane (bio-LPG) dual-fuel engines on 15-year fixed time charters ($50,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Bio-Propane Crew, Tech Spares & Marine Ins ($/day)

Newbuild Bio-Propane 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