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Pangaea Logistics Solutions (Pangaea Logistics Solutions) Average Time Charter Equivalent Rates (USD) : 0.00 (As of Dec. 2023)


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What is Pangaea Logistics Solutions Average Time Charter Equivalent Rates (USD)?

Time charter equivalent (TCE) is a shipping industry measure used to calculate the average daily revenue performance of a vessel. It is calculated as (Voyage Revenues - Voyage Expenses) / Round Trip Duration in Days.

Pangaea Logistics Solutions's Average Time Charter Equivalent Rates (USD) for the quarter that ended in Dec. 2023 was 0.00

Pangaea Logistics Solutions's Average Time Charter Equivalent Rates (USD) for the annual that ended in Dec. 2023 was 15,849.00 , which lower from pervious year (Dec. 2022)'s result by 35.14%.

The historical rank and industry rank for Pangaea Logistics Solutions's Average Time Charter Equivalent Rates (USD) or its related term are showing as below:

PANL's Average Time Charter Equivalent Rates (USD) is not ranked *
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Average Time Charter Equivalent Rates (USD) only.

Pangaea Logistics Solutions Average Time Charter Equivalent Rates (USD) Historical Data

The historical data trend for Pangaea Logistics Solutions's Average Time Charter Equivalent Rates (USD) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pangaea Logistics Solutions Average Time Charter Equivalent Rates (USD) Chart

Pangaea Logistics Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Average Time Charter Equivalent Rates (USD)
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Average Vessel Operating Expense (USD)
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Pangaea Logistics SolutionsQuarterly Data
Trend Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Average Time Charter Equivalent Rates (USD)
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Average Vessel Operating Expense (USD)
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Competitive Comparison of Pangaea Logistics Solutions's Average Time Charter Equivalent Rates (USD)

For the Marine Shipping subindustry, Pangaea Logistics Solutions's Average Time Charter Equivalent Rates (USD), along with its competitors' market caps and Average Time Charter Equivalent Rates (USD) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pangaea Logistics Solutions  (NAS:PANL) Average Time Charter Equivalent Rates (USD) Explanation

Time charter equivalent (TCE) is a shipping industry measure used to calculate the average daily revenue performance of a vessel. Time charter equivalent is calculated by first taking voyage revenues and subtracting voyage expenses, including canal, bunker and port costs, and then dividing the total by the round-trip voyage duration in days. It gives shipping companies a tool to measure period-to-period changes.

The TCE is a way to describe chartering opportunities in a standardized way to make comparisons easier. It is used by cargo brokers in the shipping industry to present chartering opportunities to shipowners since chartering opportunities differ widely in potential revenues and costs.

Pangaea Logistics Solutions Average Time Charter Equivalent Rates (USD) Related Terms

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Pangaea Logistics Solutions (Pangaea Logistics Solutions) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (NAS:PANL) » Definitions » Average Time Charter Equivalent Rates (USD)
Comparable Companies
CPLP GASS KNOP DSX SB GRIN ESEA NETI SMHI EGLE BSP:PSVM11 XTER:HLAG OCSE:MAERSK B HKSE:01919 BOM:532921 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 HKSE:00316
Traded in Other Exchanges
PGA:Germany
Address
C/o Phoenix Bulk Carriers (US) LLC, 109 Long Wharf, Newport, RI, USA, 02840
Website
https://www.pangaeals.com
Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.
Executives
David Sgro director 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Eric Rosenfeld director 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Petersen Mads Rosenber Boye officer: Chief Operating Officer 109 LONG WHARF, NEWPORT RI 02840
Karen H Beachy director PO BOX 1400, RAPID CITY SD 57709
Pangaea One Acquisition Holdings Xiv, Llc 10 percent owner C/O CARTESIAN CAPITAL GROUP, LLC, 505 FIFTH AVENUE, NEW YORK NY 10017
Gianni Delsignore officer: Chief Financial Officer 257 WICKHAM ROAD, NORTH KINGSTOWN RI 02852
Mark L Filanowski director C/O MARINE TRANSPORT CORP, 1200 HARBOR BOULEVARD, WEEHAWKEN NJ 07087
Nam Trinh director 505 FIFTH AVENUE, 15TH FLOOR, CARTESIAN CAPITAL GROUP, NEW YORK NY 10017
Anthony Laura officer: See Remarks C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
Edward Coll director, 10 percent owner, officer: Chief Executive Officer C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
L.p. Malemod, 10 percent owner C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Nypsun, 10 percent owner C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Leggonly, 10 percent owner C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Imfinno, 10 percent owner C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Pangaea One Gp, Llc 10 percent owner C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017