Euroseas (STU:2LE1) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)

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

STU:2LE1'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.

Euroseas Average Time Charter Equivalent Rates (USD) Historical Data

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

Euroseas (STU:2LE1) 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.

Euroseas Average Time Charter Equivalent Rates (USD) Related Terms

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Euroseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroseas Ltd (STU:2LE1) » Definitions » Average Time Charter Equivalent Rates (USD)

Comparable Companies

Traded in Other Exchanges

ESEA:USA ESEA:Mexico 2LE1:Germany

Address

4 Messogiou and Evropis Street, Maroussi, GRC, 15124

Website

http://www.euroseas.gr

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes, providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas Headlines

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