330,000 DWT Newcastlemax Dual-Fuel Liquid Organic Hydrogen Carrier (LOHC) Bulk Carrier 15-Year Charter 2026

Underwrite 330,000 DWT Newcastlemax bulk carriers powered by on-board catalytic dehydrogenation liquid organic hydrogen carrier (LOHC / benzyltoluene) dual-fuel engines on 15-year fixed time charters ($47,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Hydrogen Tech Crew, Catalysts & Ins ($/day)

Newbuild LOHC 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