VOYAGE REVENUES

6 Months Ended

Jun. 30, 2024

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 June 30, 2024 and 2023, the Company earned $107,047 and $90,556 of voyage revenues, respectively. For the six months ended June 30, 2024 and 2023, the Company earned $224,482 and $184,947, respectively.

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Lease revenue	$	46,432	$	44,926	$	89,615	$	81,893
Spot market voyage revenue		60,615		45,630		134,867		103,054
Total voyage revenues	$	107,047	$	90,556	$	224,482	$	184,947