300,000 DWT Newcastlemax Dual-Fuel Pyrolysis Oil Bulk Carrier 15-Year Charter 2026

Underwrite 300,000 DWT Newcastlemax bulk carriers powered by waste-plastic and tire pyrolysis bio-fuel dual-fuel engines on 15-year iron ore charters ($44,500/day TCE) and cash dividend yields.

Underwriting Assumptions

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

Technical Crew, Pyrolysis Fuel Spares & Ins ($/day)

Newbuild Pyrolysis 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