Vessel Operating Expenses

12 Months Ended

Mar. 31, 2025

Vessel Operating Expenses:

Vessel Operating Expenses

17. Vessel Operating Expenses

Vessel operating expenses comprise the following:

	Year ended
	March 31, 2025		March 31, 2024		March 31, 2023
Crew wages and related costs	$	43,625,161	$	43,088,059	$	42,141,262
Spares and stores		19,121,635		17,373,145		13,644,604
Repairs and maintenance costs		7,558,719		6,769,114		4,743,513
Insurance		4,227,370		4,221,672		3,906,409
Lubricants		4,083,224		4,313,513		4,002,361
Miscellaneous expenses		6,791,253		4,696,187		3,063,622
Total	$	85,407,362	$	80,461,690	$	71,501,771