Carnival (FRA:CVC1) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)

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

FRA:CVC1's Average Time Charter Equivalent Rates (USD) is not ranked ^*
in the Travel & Leisure industry.
Industry Median:
* Ranked among companies with meaningful Average Time Charter Equivalent Rates (USD) only.

Carnival Average Time Charter Equivalent Rates (USD) Historical Data

The historical data trend for Carnival'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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Carnival Average Time Charter Equivalent Rates (USD) Chart

Carnival (FRA:CVC1) 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.

Carnival Average Time Charter Equivalent Rates (USD) Related Terms

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Carnival (FRA:CVC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival Corp (FRA:CVC1) » Definitions » Average Time Charter Equivalent Rates (USD)

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Traded in Other Exchanges

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Address

3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428

Website

https://www.carnivalcorp.com

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.

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