As expected, this average is comprised of vessels operating in the spot and in the time charter market, with spot rates being almost double than those found in longer term charters.

Source: https://seekingalpha.com/article/4570036-dht-holdings-vlcc-rates-could-fuel-rapid-upside-and-provide-stellar-dividends?source=feed_all_articles

Based on preliminary Q4 daily time charter equivalent rates, the company should finish 2023 on a strong note, with Q4 results likely to meaningfully outperform current consensus expectations.

Source: https://seekingalpha.com/article/4653792-pangaea-logistics-stock-q3-earnings-strong-performance-outlook-priced-in?source=feed_all_articles

We believe this will bring positive sentiment and lift average time charter equivalents.

Source: https://seekingalpha.com/article/4648649-international-seaways-inc-insw-q3-2023-earnings-call-transcript?source=feed_all_articles

With healthy time charter rates, the company is positioned for robust cash flows.

Source: https://investorplace.com/2023/07/3-stocks-to-buy-with-a-dividend-yield-of-over-10/