Reuben AI

    Shipping & Aviation, with structure-aware discipline

    Vessel and aircraft leasing portfolios with charter rates, residual values and lessee credit monitoring.

    Shipping and aviation leasing portfolios combine long-duration real assets with credit exposure to lessees and mark-to-market exposure to charter rates and residual values. Underwriting must account for asset type, age, geography, lessee credit and market cycles. Reuben AI provides an operating layer purpose-built for vessel and aircraft leasing across dry-bulk, container, tanker, LNG, narrow-body, wide-body and freighter segments.

    RReuben AIUserCovenantThresholdStatusDSCR ≥ 1.2xLTV ≤ 65%Net Leverage ≤ 4.0xMin Cash $5MEBITDA Margin ≥ 20%

    Why this asset class needs a different operating model

    Charter and lease rates cycle. Rates move with global trade cycles and aircraft demand. Portfolio value is continuously exposed to the rate cycle.

    Residual value drives exit. Realised exit values depend on asset age, maintenance and market conditions. Residual value modelling is core to underwriting.

    Lessee credit is the credit risk. Lessee defaults, restructurings and repossessions define downside. Lessee credit surveillance is continuous.

    Asset-type specialisation is essential. Container ships, LNG carriers, narrow-body aircraft and freighters each have different economics. One-size underwriting fails.

    How Reuben AI covers it

    Segment-aware underwriting

    Dry-bulk, container, tanker, LNG, narrow-body, wide-body and freighter segments each with segment-tuned underwriting.

    Charter and lease rate tracking

    Charter and lease rates ingested and tracked against portfolio positions with mark-to-market exposure analytics.

    Residual value modelling

    Age, maintenance and market-driven residual value curves per asset with portfolio-level exit modelling.

    Lessee credit surveillance

    Lessee financial and operational health tracked with alerts on credit deterioration, restructuring or default.

    IFRS 16 lease accounting

    Lease accounting compliant with IFRS 16 and lessor/lessee reporting produced from the same structured data.

    Sub-asset overlays inside Shipping & Aviation

    Shipping & Aviation carries 6 sub-asset overlays in the Reuben AI rubric registry: Container shipping, Dry bulk, Tankers, Commercial aircraft leasing, Regional and cargo aircraft and Port and terminal equipment. Those overlays are part of the 314 sub-asset overlays the platform maintains across 56 of its 68 native asset classes.

    An overlay never reweights the parent rubric. It adds the extra scoring criteria, risk flags, document types and key term fields that only apply to that slice, so a container shipping deal and a port and terminal equipment deal are both scored on the shared shipping & Aviation rubric while each is still asked the questions specific to its structure. That is what keeps deals inside one asset class comparable to each other and to the rest of the portfolio.

    Selecting an overlay at intake changes what the platform expects: the document checklist, the extraction schema for key terms, and the flags raised when a term sits outside the range the rest of your shipping & Aviation book has accepted. Nothing is retrofitted later by hand.

    • Container shipping
    • Dry bulk
    • Tankers
    • Commercial aircraft leasing
    • Regional and cargo aircraft
    • Port and terminal equipment

    The diligence record a shipping & Aviation deal produces

    Every shipping & Aviation opportunity that moves through Reuben AI leaves a structured record rather than a folder of documents and a memo. The rubric score is stored with the criteria that produced it, each extracted key term is stored with the clause and page it came from, and every flag is stored with the reason it fired and who cleared it.

    The practical effect is that the investment committee paper, the LP report line and the audit trail are all reading the same underlying record. When an LP asks in year three why a shipping & Aviation position was underwritten the way it was, the answer is retrieved, not reconstructed.

    • Rubric score with the criteria and weights that produced it
    • Key terms extracted with a clause-level source reference
    • Risk flags with the trigger, the owner and the resolution
    • Comparison against prior deals in the same asset class
    • Investment committee pack generated from the stored record
    • An immutable trail of who changed what and when

    What this means for fund operations

    Shipping & Aviation sits as a core allocation for Infrastructure mandates, and is adjacent or opportunistic for 5 of the other fund types the platform serves.

    That matters operationally because most funds do not hold shipping & Aviation alone. The moment a portfolio spans more than one asset class, comparability becomes the constraint: a position scored on a bespoke shipping & Aviation spreadsheet cannot be ranked against a position scored somewhere else. Running shipping & Aviation on the same rubric engine as the rest of the book removes that break.

    Reporting inherits the same property. Portfolio monitoring, valuation cadence, capital account movement and LP reporting all draw from the single stored record, so a shipping & Aviation position appears in the quarterly pack on the same basis as every other holding, with the same evidence behind it.

    Relevance by fund type

    VC

    Niche

    PE

    Opportunistic

    Private Credit

    Adjacent

    Growth Equity

    Niche

    Hedge Fund

    Opportunistic

    Infrastructure

    Core

    Family Office

    Opportunistic

    Emerging

    Niche

    CVC

    Niche

    Institutional

    Adjacent

    Asset classes held alongside this one

    Full coverage across all 68 native asset classes is listed on the coverage page.

    Related solutions

    Common questions

    Are dry-bulk, container, tanker and LNG all supported?

    Yes. Each shipping segment has segment-tuned underwriting, rate feeds and residual value modelling.

    How is lessee credit monitored?

    Lessee financial and operational health is tracked with alerts on credit deterioration, restructuring, repossession or default.

    Is IFRS 16 lease accounting supported?

    Yes. IFRS 16 compliant lease accounting is produced from the same structured position data.

    How many sub-asset overlays does Shipping & Aviation have?

    6: Container shipping, Dry bulk, Tankers, Commercial aircraft leasing, Regional and cargo aircraft and Port and terminal equipment. They sit within the 314 overlays the platform maintains across 56 of its 68 native asset classes.

    Which fund types treat shipping & Aviation as core?

    Infrastructure. Relevance for every other fund type is shown in the relevance grid on this page, graded as core, adjacent, opportunistic or niche.

    Can shipping & Aviation be compared against other asset classes in the same portfolio?

    Yes. Every asset class runs on the same rubric engine, so scores, flags and key terms are stored in a common structure. Positions across different asset classes are ranked and reported on the same basis.

    See Shipping & Aviation in Reuben AI

    Book a demo to walk through deal flow, diligence and reporting tailored to this asset class.

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