Quarterly Revenue
$1,845.6M
Voyage gross billing
Operating & Charter Cost
$1,084.2M
Hire, fuel & slot OPEX
Quarterly EBITDA
$761.4M
41.3% EBITDA Margin
Deal Friction Absorption
4.35x
Quarterly EBITDA / Friction
Net FCF Runway
28.5 mos
Cash buffer vs baseline burn
Quarterly Voyage Financial Flow ($M)
Revenue to Net Surplus Waterfall
Breakthrough Leverage: Spot rate windfalls ($4,850/FEU) combined with Red Sea detour surcharges generate $761.4M in quarterly EBITDA, providing a 4.35x shock absorption cushion that comfortably neutralizes the $175M transaction breakup friction.
Spot Rate Sensitivity Matrix (Quarterly EBITDA vs Charter Rate)
| Spot \ Charter | $20,000/d | $28,500/d | $38,000/d | $48,000/d |
|---|