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Utilization Rate by Segment
Measures the share of the fleet or assets actively deployed versus idle in each segment, indicating how efficiently management turns assets into revenue. Higher utilization usually means better revenue per asset and stronger demand; persistent low utilization can signal structural weakness, oversupply, or poor asset mix.Most of SFL’s fleet is operating at near‑full utilization—containers, car carriers, tankers and dry bulk—providing visible contracted cashflows that support the dividend and ongoing deleveraging. Tanker utilization has risen alongside management’s opportunistic spot exposure, driving the recent TCE upside and Q2 momentum; by contrast the energy segment is intentionally underutilized (Hercules warm‑stacked), so energy won’t meaningfully lift cash until mobilization. High utilization cushions the financing need from large container newbuild commitments, but that capex and GAAP timing of spot voyages are the main near‑term risks to reported cash flow.
Date | Container | Car Carrier | Tanker | Dry Bulk | Energy |
|---|---|---|---|---|---|
Jun 30, 2026 | 99.00 | 100.00 | 100.00 | 99.00 | 50.00 |
Mar 31, 2026 | 99.00 | 100.00 | 100.00 | 97.00 | 50.00 |
Dec 31, 2025 | 99.00 | 100.00 | 99.00 | 100.00 | 50.00 |
Sep 30, 2025 | 100.00 | 94.70 | 99.00 | 98.50 | 50.00 |
Jun 30, 2025 | 98.00 | 98.90 | 96.30 | 99.90 | 50.00 |
Mar 31, 2025 | 99.20 | 96.30 | 97.50 | 99.40 | 48.30 |
Dec 31, 2024 | 97.90 | 99.90 | 97.30 | 99.90 | 69.00 |
Sep 30, 2024 | 99.10 | 99.30 | 99.90 | 97.10 | 80.70 |
Jun 30, 2024 | 99.40 | 100.00 | 98.50 | 97.10 | 72.50 |
Mar 31, 2024 | 99.50 | 99.40 | 99.90 | 98.90 | 100.00 |