Tsakos Energy Navigation (Tsakos Energy Navigation) Average Time Charter Equivalent Rates (USD) : 21,602.00 (As of Jun. 2016)

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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.

Tsakos Energy Navigation's Average Time Charter Equivalent Rates (USD) for the quarter that ended in Jun. 2016 was 21,602.00

Tsakos Energy Navigation's Average Time Charter Equivalent Rates (USD) for the annual that ended in Dec. 2022 was 30,399.00 , which higher from pervious year (Dec. 2021)'s result by 78.43%.

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:

TNP'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.

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

Tsakos Energy Navigation Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Average Time Charter Equivalent Rates (USD)

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Average Vessel Operating Expense (USD)

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Tsakos Energy NavigationQuarterly Data

Trend

Jun16

Average Time Charter Equivalent Rates (USD)

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Competitive Comparison of Tsakos Energy Navigation's Average Time Charter Equivalent Rates (USD)

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.

Tsakos Energy Navigation (NYSE:TNP) 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

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Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

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

Comparable Companies

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

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

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.