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Fleet Utilization Rate
Share of available days that were actually employed on revenue‑earning charters or voyages. High utilization indicates strong demand and efficient scheduling, while low utilization points to idle ships, weaker cash flow and potential pricing pressure.The fleet has run at near‑full utilization across the period, signaling steady charter demand and strong revenue visibility; that’s good for predictable cash flow and quick pass‑through of dayrate upside, but it also means limited spare capacity—management will need to add ships to grow meaningfully and faces higher operational risk from offhires, drydock scheduling or seasonality disrupting revenue when there’s little slack.
Date | Fleet Utilization Rate |
|---|---|
Mar 31, 2026 | 99.90 |
Dec 31, 2025 | 100.00 |
Sep 30, 2025 | 100.00 |
Jun 30, 2025 | 100.00 |
Mar 31, 2025 | 99.60 |
Dec 31, 2024 | 100.00 |
Sep 30, 2024 | 100.00 |
Jun 30, 2024 | 99.00 |
Mar 31, 2024 | 98.00 |
Dec 31, 2023 | 99.00 |