270,000 DWT Newcastlemax Dual-Fuel Nuclear SMR Bulk Carrier 15-Year Charter Yield 2026

Underwrite 270,000 DWT Newcastlemax bulk carriers powered by modular molten salt small modular reactors (SMR) on 15-year zero-fuel-cost iron ore charters ($46,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Nuclear Tech Crew, Security & Ins ($/day)

Newbuild Nuclear SMR 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