Vessel Revenue and Voyage Expenses (Tables)

12 Months Ended

Dec. 31, 2023

Vessel Revenue and Voyage Expenses [Abstract]

Income Derived from Time Charters

The following table presents the Company’s statements of income figures derived from spot charters and time charters for the years ended December 31, 2023, 2022 and 2021:

	Year ended December 31,
	2023		2022		2021
Vessel revenues from spot charters, net of commissions		-		-		28,264
Vessel revenues from time charters, net of commissions		107,036		122,629		124,844
Total		107,036		122,629		153,108

Revenue from Charterers

Charterers individually accounting for more than 10% of revenues during the years ended December 31, 2023, 2022 and 2021 were:

Customer	2023			2022			2021
A		28	%		24	%		15	%
B		25	%		17	%		23	%
C		18	%		18	%		13	%
D		12	%		15	%		11	%
E		-			-			10	%
Total		83	%		74	%		72	%

Voyage Expenses from Time Charters

The following table presents the Company’s statements of income figures derived from spot charters and time charters for the years ended December 31, 2023, 2022 and 2021:

	Year ended December 31,
	2023		2022		2021
Voyage expenses from spot charters		-		-		13,465
Voyage expenses from time charters		2,851		4,293		3,004
Total		2,851		4,293		16,469