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Fleet Utilization Rate
Calculates the share of available days that were earning revenue (earning days ÷ available days). A high utilization rate signals strong demand and better revenue conversion from the fleet, while a low rate warns of idle ships and pressure on freight rates.Utilization has been resilient, oscillating around the high‑80s/low‑90s with a sharp mid‑2025 dip; management now expects utilization at or above recent Q4 levels (~90%), and paired with TCEs well above the company’s low breakeven, that implies strong margin headroom. Still, quarter‑to‑quarter volatility from terminal throughput swings, fleet additions and higher OpEx, plus geopolitical disruption, can compress near‑term earnings—watch whether newbuild deliveries and fleet renewals sustain utilization or reintroduce capacity pressure.
Date | Fleet Utilization Rate |
|---|---|
Jun 30, 2026 | 90.80 |
Mar 31, 2026 | 90.60 |
Dec 31, 2025 | 90.00 |
Sep 30, 2025 | 89.30 |
Jun 30, 2025 | 84.20 |
Mar 31, 2025 | 92.40 |
Dec 31, 2024 | 92.20 |
Sep 30, 2024 | 90.90 |
Jun 30, 2024 | 93.40 |
Mar 31, 2024 | 89.30 |