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Drybulk Vessels Operating Days
Number of days drybulk vessels were actually available and operating (excluding off-hire), showing real revenue-generating activity. High operating days mean fewer interruptions from maintenance or downtime and steadier cash flow; low operating days warn of operational issues, repairs, or layups that reduce income.Operating days have ramped meaningfully through 2024–2025, signaling higher dry‑bulk utilization and a real contribution to revenue from the segment. Management’s strong liquidity and backlog support the deployment, but their deliberate decision to keep many dry‑bulk/newcastle MAX vessels in the spot market — paired with falling contract coverage after 2026 and additional dry‑bulk newbuilds coming in 2028–29 — increases earnings volatility: strong upside if rates hold, meaningful downside risk if the market softens as capacity rises.
Date | Drybulk Vessels Operating Days |
|---|---|
Jun 30, 2026 | 996.00 |
Mar 31, 2026 | 749.00 |
Dec 31, 2025 | 918.00 |
Sep 30, 2025 | 920.00 |
Jun 30, 2025 | 908.00 |
Mar 31, 2025 | 832.00 |
Dec 31, 2024 | 775.00 |
Sep 30, 2024 | 778.00 |
Jun 30, 2024 | 604.00 |
Mar 31, 2024 | 596.00 |