A hydrokinetic converter has an elongated, tubular-shaped reactor mounting shaft and an elongated central shaft coaxially mounted in the reactor shaft that has at least one exposed end extending out from a first end of the reactor shaft. A mounting structure is rigidly affixed to the opposite end of the reactor shaft from the first end and has mounting means for mounting the reactor shaft and the hydrokinetic converter to another member. A hydrokinetic bladed reactor is mounted at the first end of the reactor shaft. A first hydrokinetic bladed member is rigidly affixed to and mounted on the exposed end of the reactor shaft. An enclosing member is mounted around and encloses the reactor and the first member and comprises a hydrokinetic bladed second member mounted over the reactor shaft. The enclosing member further comprises a first end rotatably mounted and supported on the reactor shaft and a second end rotatably mounted and supported on the exposed end of the central shaft. One of the bladed members comprises an impeller and the other bladed member comprises a turbine. The hydrokinetic bladed reactor, impeller and turbine are adapted to direct fluid from the impeller through the turbine to the reactor, causing rotation of the turbine upon rotation of the impeller. First and second bearings are spaced apart in between the reactor shaft and output shaft for rotatably mounting the same. The first bearing is positioned adjacent the first end of the reactor shaft and provides the load path from the exposed end of the central for the for second enclosing member and the first bladed member back to the cantilever mounted reactor shaft.