Vessel Operating Expenses

12 Months Ended

Mar. 31, 2016

Vessel Operating Expenses.

Vessel Operating Expenses

16. Vessel Operating Expenses

Vessel operating expenses comprise the following:

	Year ended		Year ended		July 1, 2013 (inception)
	March 31, 2016		March 31, 2015		March 31, 2014
Crew wages and related costs	$	31,449,090	$	14,529,018	$	5,306,441
Spares and stores		6,403,785		2,666,100		1,395,287
Insurance		3,527,386		1,343,071		566,021
Lubricants		2,489,494		964,951		480,279
Repairs and maintenance costs		2,076,576		1,315,028		502,424
Miscellaneous expenses		1,173,659		437,997		144,507
Total	$	47,119,990	$	21,256,165	$	8,394,959