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Available Days
Total days the fleet was ready and eligible to be put to work for charters during the period. Shows the company’s capacity to earn revenue; gaps between available days and operating days reveal time lost to off‑hire, repairs or other non‑revenue periods.Available days collapsed from ~1,980 in early‑2023 to 785 by Sept‑2025, with only a brief rebound in Q4‑2024 — a clear sign the company’s revenue‑earning fleet capacity has been materially reduced (disposals, redeliveries or extended off‑hire) rather than seasonally fluctuating. That sustained shrinkage implies pressure on topline and cash generation unless offset by higher freight rates or immediate fleet additions; investors should focus on fleet counts, charter coverage and management’s disposal/acquisition plans as the key levers to reverse this trend.
Date | Available Days |
|---|---|
Mar 31, 2026 | 741.00 |
Dec 31, 2025 | 828.00 |
Sep 30, 2025 | 785.00 |
Jun 30, 2025 | 825.00 |
Mar 31, 2025 | 1.07K |
Dec 31, 2024 | 1.18K |
Sep 30, 2024 | 929.00 |
Jun 30, 2024 | 1.08K |
Mar 31, 2024 | 1.44K |
Dec 31, 2023 | 1.74K |