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What does TCE stand for?

TCE stands for Time Charter Equivalent (oil tankers' pricing units)

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

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Other Resources:
We have 232 other meanings of TCE in our Acronym Attic

Samples in periodicals archive:

Al-Jasser, attributed the main reason for the decrease in the net profit in comparison to the corresponding quarter in 2012 is due to lower average time charter equivalent (TCE) rates achieved in the spot market for crude oil VLCC (Very Large Crude Carrier) transportation.
Saleh Nasser Al-Jasser traced the increase in the net profit during the second quarter and the 6-months period compared to the same corresponding periods of the year 2011 to the increase in the average time charter equivalent (TCE) rates in Very Large Crude Carrier (VLCC) spot market as well as increased profit of Petredec (30.
9% AVERAGE DAILY RESULTS Time Charter equivalent (6) $ 19,109 $ 28,077 $ 21,915 $ 28,830 Direct vessel operating expenses per vessel (7) 8,486 7,923 8,590 8,172 General and administrative expense per vessel (8) 3,011 3,323 3,270 3,649 Total vessel operating expenses (9) 11,497 11,246 11,860 11,821 EBITDA (10) 6,690 15,689 9,160 15,408 Three months ended Nine months ended September-10 September-09 September-10 September-09 EBITDA Reconciliation Net Income $ (26,033) $ 14,755 $ (49,421) $ 40,930 + Net interest (income) expense 21,379 7,734 59,228 23,432 + Depreciation and amortization 25,413 22,255 70,014 66,040 EBITDA $ 20,759 $ 44,744 $ 79,821 $ 130,402 (1) EBITDA represents net income plus net interest expense and depreciation and amortization.