Castor Maritime (FRA:1C1) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)

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What is Castor Maritime 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.

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

FRA:1C1'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.

Castor Maritime Average Time Charter Equivalent Rates (USD) Historical Data

The historical data trend for Castor Maritime'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.

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Castor Maritime Average Time Charter Equivalent Rates (USD) Chart

Castor Maritime (FRA:1C1) 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.

Castor Maritime Average Time Charter Equivalent Rates (USD) Related Terms

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Castor Maritime (FRA:1C1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (FRA:1C1) » Definitions » Average Time Charter Equivalent Rates (USD)

Comparable Companies

Traded in Other Exchanges

CTRM:USA

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.

Castor Maritime (FRA:1C1) Headlines

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