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Day

January 24, 2023
January 24, 2023

Time Charter Eqiuvalent

The TCE – Time Charter Equivalent is used by cargo brokers in the shipping industry to present chartering opportunities to shipowners. Chartering opportunities differ widely in potential revenues and costs. The TCE is a way to describe these opportunities in a standardized way — essentially dollars per day — making comparisons easier for shipowners.

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