KNOT Offshore Partners LP (FRA:KO4) Average Time Charter Equivalent Rates (USD) : 0.00 (As of . 20)

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What is KNOT Offshore Partners LP Average Time Charter Equivalent Rates (USD)?

Time charter equivalent (TCE) is a shipping industry measure used to calculate the average daily revenue performance of a vessel. It is calculated as (Voyage Revenues - Voyage Expenses) / Round Trip Duration in Days.

The historical rank and industry rank for KNOT Offshore Partners LP's Average Time Charter Equivalent Rates (USD) or its related term are showing as below:

FRA:KO4's Average Time Charter Equivalent Rates (USD) is not ranked ^*
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Average Time Charter Equivalent Rates (USD) only.

KNOT Offshore Partners LP Average Time Charter Equivalent Rates (USD) Historical Data

The historical data trend for KNOT Offshore Partners LP's Average Time Charter Equivalent Rates (USD) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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KNOT Offshore Partners LP Average Time Charter Equivalent Rates (USD) Chart

KNOT Offshore Partners LP (FRA:KO4) Average Time Charter Equivalent Rates (USD) Explanation

Time charter equivalent (TCE) is a shipping industry measure used to calculate the average daily revenue performance of a vessel. Time charter equivalent is calculated by first taking voyage revenues and subtracting voyage expenses, including canal, bunker and port costs, and then dividing the total by the round-trip voyage duration in days. It gives shipping companies a tool to measure period-to-period changes.

The TCE is a way to describe chartering opportunities in a standardized way to make comparisons easier. It is used by cargo brokers in the shipping industry to present chartering opportunities to shipowners since chartering opportunities differ widely in potential revenues and costs.

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KNOT Offshore Partners LP (FRA:KO4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KNOT Offshore Partners LP (FRA:KO4) » Definitions » Average Time Charter Equivalent Rates (USD)

Comparable Companies

Traded in Other Exchanges

KNOP:USA

Address

2 Queens Cross, Aberdeenshire, Aberdeen, GBR, AB15 4YB

Website

https://www.knotoffshorepartners.com

KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.

KNOT Offshore Partners LP (FRA:KO4) Headlines

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