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Paragon Shipping (Paragon Shipping) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)


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

PRGNF'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.

Paragon Shipping Average Time Charter Equivalent Rates (USD) Historical Data

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

Paragon Shipping Annual Data
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Average Time Charter Equivalent Rates (USD)
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Average Vessel Operating Expense (USD)
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Paragon Shipping  (OTCPK:PRGNF) 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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Paragon Shipping (Paragon Shipping) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Paragon Shipping Inc (OTCPK:PRGNF) » Definitions » Average Time Charter Equivalent Rates (USD)
Traded in Other Exchanges
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Address
15 Karamanli Avenue, Voula, GRC, 166 73
Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.

Paragon Shipping (Paragon Shipping) Headlines

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