What does time charter equivalent mean?
Definitions for time charter equivalent
time char·ter equiv·a·lent
This dictionary definitions page includes all the possible meanings, example usage and translations of the word time charter equivalent.
Wikipedia
Time charter equivalent
The time charter equivalent (TCE) rate is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot charters, time charters and bareboat charters) under which the vessels may be employed between the periods. TCE revenue is a non-GAAP measure. A standard method to compute TCE is to divide voyage revenues (net of expenses) by available days for the relevant time period. Expenses primarily consist of port, canal and fuel costs.
Numerology
Chaldean Numerology
The numerical value of time charter equivalent in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of time charter equivalent in Pythagorean Numerology is: 3
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"time charter equivalent." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/time+charter+equivalent>.
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