Time Charter Equivalent (TCE) is a benchmark used in the shipping industry to compare the performance of vessels operating under different charter types. It is a measure of the average daily revenue that a vessel generates while on charter, taking into account voyage expenses such as fuel, port charges, and canal fees. TCE is calculated … Read more
A time charter is a common type of charter agreement in the shipping industry where a vessel is hired for a specific period of time. In a time charter agreement, the charterer pays a daily or monthly rate to the shipowner for the use of the vessel. The charterer is responsible for the operating expenses … Read more
Time charts are essential tools used in various industries to visually represent data over time. Whether tracking project milestones, monitoring sales performance, or analyzing trends, time charts provide a clear and concise way to understand complex information. By organizing data into a chronological sequence, time charts help stakeholders make informed decisions and identify patterns that … Read more