380,000 DWT Newcastlemax Dual-Fuel Liquefied Synthetic e-Diesel Bulk Carrier 15-Year Charter 2026

Underwrite 380,000 DWT Newcastlemax bulk carriers powered by drop-in synthetic Fischer-Tropsch e-diesel dual-fuel engines on 15-year fixed time charters ($52,000/day TCE) and cash dividend yields.

Underwriting Assumptions

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

e-Diesel Crew, Tech Spares & Marine Ins ($/day)

Newbuild e-Diesel 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