Nordic American Tankers (FRA:B3O) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)

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What is Nordic American Tankers 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 Nordic American Tankers's Average Time Charter Equivalent Rates (USD) or its related term are showing as below:

FRA:B3O'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.

Nordic American Tankers Average Time Charter Equivalent Rates (USD) Historical Data

The historical data trend for Nordic American Tankers'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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Nordic American Tankers Average Time Charter Equivalent Rates (USD) Chart

Nordic American Tankers (FRA:B3O) 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.

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Nordic American Tankers (FRA:B3O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nordic American Tankers Ltd (FRA:B3O) » Definitions » Average Time Charter Equivalent Rates (USD)

Comparable Companies

Traded in Other Exchanges

NAT:USA B30:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.

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