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TOP Ships (FRA:UER0) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)


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

FRA:UER0'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.

TOP Ships Average Time Charter Equivalent Rates (USD) Historical Data

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



TOP Ships  (FRA:UER0) 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.


TOP Ships Average Time Charter Equivalent Rates (USD) Related Terms

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TOP Ships (FRA:UER0) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (FRA:UER0) » Definitions » Average Time Charter Equivalent Rates (USD)
Traded in Other Exchanges
Address
1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124
TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.

TOP Ships (FRA:UER0) Headlines

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