Vessel Operating Expenses and Voyage Expenses

12 Months Ended

Dec. 31, 2024

Vessel Operating Expenses and Voyage Expenses [Abstract]

Vessel Operating Expenses and Voyage Expenses

20. 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	2022		2023		2024
Crew & crew related costs		21,567,463		21,790,625		13,628,346
Repairs & maintenance, spares, stores, classification, chemicals & gases, paints, victualling		11,289,623		10,387,925		6,483,757
Lubricants		2,476,027		2,748,208		1,526,632
Insurances		3,286,750		3,503,257		2,193,393
Tonnage taxes		885,881		872,702		583,738
Other		1,753,810		2,610,911		1,772,907
Total Vessel operating expenses	$	41,259,554	$	41,913,628	$	26,188,773

	Year ended December 31,			Year ended December 31,		Year ended December 31,
Voyage expenses	2022			2023		2024
Brokerage commissions		1,842,495			1,900,940		1,323,613
Brokerage commissions- related party		1,944,288			1,274,384		1,170,615
Port & other expenses		858,827			615,838		1,561,112
Bunkers consumption		2,713,216			1,114,356		319,231
(Gain) / loss on bunkers		(3,637,549	)		146,710		(125,715	)
Total Voyage expenses	$	3,721,277		$	5,052,228	$	4,248,856