Tsakos Energy Navigation (FRA:TK41) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)

View and export this data going back to 2005. Start your Free Trial

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

FRA:TK41's Average Time Charter Equivalent Rates (USD) is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Average Time Charter Equivalent Rates (USD) only.

Tsakos Energy Navigation Average Time Charter Equivalent Rates (USD) Historical Data

The historical data trend for Tsakos Energy Navigation'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.

Tsakos Energy Navigation Average Time Charter Equivalent Rates (USD) Chart

Tsakos Energy Navigation (FRA:TK41) 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.

Tsakos Energy Navigation Average Time Charter Equivalent Rates (USD) Related Terms

Thank you for viewing the detailed overview of Tsakos Energy Navigation's Average Time Charter Equivalent Rates (USD) provided by GuruFocus.com. Please click on the following links to see related term pages.

Tsakos Energy Navigation (FRA:TK41) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (FRA:TK41) » Definitions » Average Time Charter Equivalent Rates (USD)

Comparable Companies

NGL TK PBT EE OSG NVGS SMLP DLNG BROG IMPP TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TNP:USA

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.

Tsakos Energy Navigation (FRA:TK41) Headlines

No Headlines