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Utilization Rate
Measures the share of the fleet actively employed and earning revenue versus idle or in drydock, showing how effectively assets generate cash. High utilization signals strong demand and operational efficiency; low utilization warns of weak markets, underused capacity, or maintenance constraints.After a mid‑2024 lull, utilization has rebounded to multi‑year highs into early‑2026, aligning with management’s guidance and driven by fleet renewal, locked‑in charters and more profit‑share employment. Sustained high utilization underpins stronger TCEs, backlog monetization and the company’s push for higher free cash flow and shareholder returns, but elevated war‑risk insurance, reroutings and fewer pure‑spot days could compress margins or cause short‑term volatility despite the clear near‑term earnings upside.
Date | Utilization Rate |
|---|---|
Jun 30, 2026 | 94.80 |
Mar 31, 2026 | 98.30 |
Dec 31, 2025 | 97.70 |
Sep 30, 2025 | 94.80 |
Jun 30, 2025 | 96.60 |
Mar 31, 2025 | 97.20 |
Dec 31, 2024 | 93.30 |
Sep 30, 2024 | 92.80 |
Jun 30, 2024 | 92.40 |
Mar 31, 2024 | 91.30 |