Vessel Operating Expenses

12 Months Ended

Mar. 31, 2017

Vessel Operating Expenses.

Vessel Operating Expenses

15. Vessel Operating Expenses

Vessel operating expenses comprise the following:

	Year ended
	March 31, 2017		March 31, 2016		March 31, 2015
Crew wages and related costs	$	43,724,030	$	31,449,090	$	14,529,018
Spares and stores		9,432,845		6,403,785		2,666,100
Insurance		4,668,838		3,527,386		1,343,071
Lubricants		2,742,944		2,489,494		964,951
Repairs and maintenance costs		3,867,993		2,076,576		1,315,028
Miscellaneous expenses		1,671,412		1,173,659		437,997
Total	$	66,108,062	$	47,119,990	$	21,256,165