TCE vs T/C - Capesize Decision
Voyage TCE vs prevailing time-charter rate - the daily comparison that drives fix decisions for owners.
T/C − TCE
2,000USD/day
Decision
Close - consider idle cost / risk appetite
Formula, assumptions, and limits
T/C trades exposure for certainty - 12-month charter locks daily. Voyage kept if TCE trending up. Also factor bunker + off-hire risk + reposition cost.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| Time-charter equivalent | USD/day | voyage fixture | |
| Time-charter rate | USD/day | broker fixture |