Vessel Operating Expenses and Voyage Expenses

12 Months Ended

Dec. 31, 2023

Vessel Operating Expenses and Voyage Expenses [Abstract]

Vessel Operating Expenses and Voyage Expenses

15. Vessel Operating Expenses and Voyage Expenses:

The amounts in the accompanying consolidated statements of comprehensive income are analyzed as follows:

	Year ended December 31,		Year ended December 31,		Year ended December 31,
Vessel Operating Expenses	2021		2022		2023
Crew & crew related costs		14,494,527		21,567,463		21,790,625
Repairs & maintenance, spares, stores, classification, chemicals & gases, paints, victualling		6,661,392		11,289,623		10,387,925
Lubricants		1,774,852		2,476,027		2,748,208
Insurances		2,250,295		3,286,750		3,503,257
Tonnage taxes		445,132		885,881		872,702
Other		1,215,402		1,753,810		2,610,911
Total Vessel operating expenses	$	26,841,600	$	41,259,554	$	41,913,628

	Year ended December 31,			Year ended December 31,			Year ended December 31,
Voyage expenses	2021			2022			2023
Brokerage commissions		1,212,587			1,842,495			1,900,940
Brokerage commissions- related party		1,299,108			1,944,288			1,274,384
Port & other expenses		604,537			858,827			615,838
Bunkers consumption		1,490,825			2,713,216			1,114,356
(Gain) / loss on bunkers		(2,715,792	)		(3,637,549	)		146,710
Total Voyage expenses	$	1,891,265		$	3,721,277		$	5,052,228