Seanergy Maritime Holdings (Seanergy Maritime Holdings) Average Time Charter Equivalent Rates (USD) : 7,633.00 (As of Mar. 2019)

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What is Seanergy Maritime Holdings 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.

Seanergy Maritime Holdings's Average Time Charter Equivalent Rates (USD) for the quarter that ended in Mar. 2019 was 7,633.00 , which lower from pervious quarter (Mar. 2018)'s result by 34.83%.

Seanergy Maritime Holdings's Average Time Charter Equivalent Rates (USD) for the annual that ended in Dec. 2023 was 17,501.00 , which lower from pervious year (Dec. 2022)'s result by 12.67%.

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

SHIP's Average Time Charter Equivalent Rates (USD) is not ranked ^*
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Average Time Charter Equivalent Rates (USD) only.

Seanergy Maritime Holdings Average Time Charter Equivalent Rates (USD) Historical Data

The historical data trend for Seanergy Maritime Holdings'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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Seanergy Maritime Holdings Average Time Charter Equivalent Rates (USD) Chart

Seanergy Maritime Holdings Annual Data

Trend

Dec19

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Dec23

Average Time Charter Equivalent Rates (USD)

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Average Vessel Operating Expense (USD)

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Seanergy Maritime HoldingsQuarterly Data

Trend

Jun16

Sep16

Mar17

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Mar19

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Average Vessel Operating Expense (USD)

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Competitive Comparison of Seanergy Maritime Holdings's Average Time Charter Equivalent Rates (USD)

For the Marine Shipping subindustry, Seanergy Maritime Holdings'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.

Seanergy Maritime Holdings (NAS:SHIP) 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.

Seanergy Maritime Holdings Average Time Charter Equivalent Rates (USD) Related Terms

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Seanergy Maritime Holdings (Seanergy Maritime Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seanergy Maritime Holdings Corp (NAS:SHIP) » Definitions » Average Time Charter Equivalent Rates (USD)

Comparable Companies

Traded in Other Exchanges

RHS:Germany

Address

154 Vouliagmenis Avenue, Glyfada, Athens, GRC, 166 74

Website

https://www.seanergymaritime.com

Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It generates a majority of its revenue from the vessels. The company fleet of vessels includes Fellowship, Championship, Partnership, Knightship, Lordship, Gloriuship, Leadership, Geniuship, Premiership, and Squireship among others.

Executives

Nisswa Acquisition Master Fund Ltd.

10 percent owner

C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104