Vessel Operating Expenses and Voyage Expenses

12 Months Ended

Dec. 31, 2022

Vessel Operating Expenses and Voyage Expenses [Abstract]

Vessel Operating Expenses and Voyage Expenses

13. Vessel Operating Expenses and Voyage Expenses:

The amounts in the accompanying consolidated statements of comprehensive (loss)/income are analyzed as follows:

	Year ended December 31,		Year ended December 31,		Year ended December 31,
Vessel Operating Expenses	2020		2021		2022
Crew & crew related costs		3,753,578		21,532,311		33,882,972
Repairs & maintenance, spares, stores, classification, chemicals & gases, paints, victualling		2,314,260		9,828,139		16,182,372
Lubricants		429,967		2,375,901		3,534,957
Insurances		507,885		3,126,169		4,721,191
Tonnage taxes		131,674		592,701		1,228,678
Other		310,075		1,748,250		3,417,674
Total Vessel operating expenses	$	7,447,439	$	39,203,471	$	62,967,844

	Year ended December 31,			Year ended December 31,			Year ended December 31,
Voyage expenses	2020			2021			2022
Brokerage commissions		158,538			1,733,639			3,504,453
Brokerage commissions- related party		29,769			1,671,145			3,381,564
Port & other expenses		173,645			4,520,584			6,652,844
Bunkers consumption		321,252			7,742,450			23,143,236
Gain on bunkers		(98,499	)		(2,717,035	)		(3,641,407	)
Total Voyage expenses	$	584,705		$	12,950,783		$	33,040,690