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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.Fleet utilization has been effectively at full capacity for three years, with only a brief dip in early 2024 before returning to ~99–100%, signaling disciplined chartering and consistently strong demand. That reliability supports steady cash flow and tight revenue predictability, but it also means limited spare capacity—heightening sensitivity to off‑hire events, maintenance or sudden demand swings and implying future upside will likely require fleet expansion rather than better utilization alone.
Date | Fleet Utilization Rate |
|---|---|
Jun 30, 2026 | 100.00 |
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 |