VOYAGE REVENUES

9 Months Ended

Sep. 30, 2022

VOYAGE REVENUES

VOYAGE REVENUES

11 – VOYAGE REVENUES

Total voyage revenues include revenue earned on fixed rate time charters, spot market voyage charters and spot market-related time charters, as well as the sale of bunkers consumed during short-term time charters. For the three months ended September 30, 2022 and 2021, the Company earned $135,970 and $155,252 of voyage revenues, respectively. For the nine months ended September 30, 2022 and 2021, the Company earned $409,961 and $363,851 of voyage revenues, respectively.

Total voyage revenues recognized in the Condensed Consolidated Statements of Operations includes the following:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Lease revenue	$	59,634	$	46,327	$	178,191	$	96,783
Spot market voyage revenue		76,336		108,925		231,770		267,068
Total voyage revenues	$	135,970	$	155,252	$	409,961	$	363,851