Average Time Charter Equivalent per Day

 

The average Time Charter Equivalent per Day, or average TCE, is a shipping industry metric measuring the average daily revenue performance of a vessel. The TCE rate achieved on a given voyage is expressed in US$/day and is generally calculated by subtracting voyage expenses, including bunkers and port charges, from voyage revenue and dividing the net amount (time charter equivalent revenues) by the round-trip trip duration.

Average Time Charter Equivalent per Day can be calculate by using Average TCE / Days


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