Teekay Tankers (Teekay Tankers) Average Time Charter Equivalent Rates (USD) : 0.00 (As of Dec. 2023)

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What is Teekay Tankers 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.

Teekay Tankers's Average Time Charter Equivalent Rates (USD) for the annual that ended in Dec. 2023 was 47,448.00 , which higher from pervious year (Dec. 2022)'s result by 48.12%.

The historical rank and industry rank for Teekay Tankers's Average Time Charter Equivalent Rates (USD) or its related term are showing as below:

TNK'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.

Teekay Tankers Average Time Charter Equivalent Rates (USD) Historical Data

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

Teekay Tankers Annual Data

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Dec23

Average Time Charter Equivalent Rates (USD)

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Teekay TankersQuarterly Data

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Dec23

Average Time Charter Equivalent Rates (USD)

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Competitive Comparison of Teekay Tankers's Average Time Charter Equivalent Rates (USD)

For the Oil & Gas Midstream subindustry, Teekay Tankers's Average Time Charter Equivalent Rates (USD), along with its competitors' market caps and Average Time Charter Equivalent Rates (USD) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Teekay Tankers (NYSE:TNK) 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.

Teekay Tankers Average Time Charter Equivalent Rates (USD) Related Terms

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Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Average Time Charter Equivalent Rates (USD)

Comparable Companies

DHT KNTK LPG GLP GLNG INSW GEL NVGS HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.