210,000 DWT Newcastlemax LNG Dual-Fuel Bulk Carrier 15-Year Charter Yield 2026

Underwrite 210,000 DWT Newcastlemax iron ore bulk carriers with LNG dual-fuel propulsion on 15-year fixed time charters ($35,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Technical Crew, Spares & Hull Insurance ($/day)

Newbuild Newcastlemax Vessel Acquisition ($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