TD15 benchmark route for VLCC: West Africa → China. Rate × distance → TCE.
Formula
$$ R = TCE \cdot d $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $TD15$ | Route code | - | Baltic Exchange / Clarksons |
Sources
- Baltic Exchange BDI.
TD15 benchmark route for VLCC: West Africa → China. Rate × distance → TCE.
$$ R = TCE \cdot d $$
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $TD15$ | Route code | - | Baltic Exchange / Clarksons |