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Fleet Operational Utilization Rate
Shows the percentage of time the fleet is actively engaged in operations, reflecting efficiency and the company's ability to maximize asset use.Fleet utilization plunged mid‑2025 then recovered to pre‑dip levels by late‑2025/early‑2026, suggesting the drop was temporary—likely vessel repositioning, maintenance or timing from fleet changes—rather than structural weakness. Management’s emphasis on short‑to‑medium charters, spot voyages and materially higher TCEs aligns with this rebound and explains improved profitability and cash. However, the prior volatility signals execution risk: as C3 scales capacity and faces near‑term CapEx, sustaining high utilization (and the cashflow that funds obligations) will depend on successfully fixing new tonnage amid geopolitical and bunker‑cost headwinds.
Date | Fleet Operational Utilization Rate |
|---|---|
Jun 30, 2026 | 78.60 |
Mar 31, 2026 | 91.70 |
Dec 31, 2025 | 90.20 |
Sep 30, 2025 | 67.70 |
Jun 30, 2025 | 78.00 |
Mar 31, 2025 | 91.70 |
Dec 31, 2024 | 90.20 |
Sep 30, 2024 | 90.20 |
Jun 30, 2024 | 87.70 |
Mar 31, 2024 | 93.40 |