Voyage TCE vs prevailing time-charter rate - the daily comparison that drives fix decisions for owners.
Formula
$$ \Delta = TC - TCE $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $TCE$ | Time-charter equivalent | USD/day | voyage fixture |
| $T/C$ | Time-charter rate | USD/day | broker fixture |
Sources
- Clarksons Shipping Intelligence.