Vessel Operating Expenses and Voyage Expenses

12 Months Ended

Dec. 31, 2025

Vessel Operating Expenses and Voyage Expenses [Abstract]

Vessel Operating Expenses and Voyage Expenses

21. 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	2023		2024		2025
Crew & crew related costs		21,790,625		13,628,346		10,310,139
Repairs & maintenance, spares, stores, classification, chemicals & gases, paints, victualling		10,387,925		6,483,757		4,482,264
Lubricants		2,748,208		1,526,632		1,067,055
Insurances		3,503,257		2,193,393		1,611,418
Tonnage taxes		872,702		583,738		434,897
Other		2,610,911		1,772,907		1,235,143
Total Vessel operating expenses	$	41,913,628	$	26,188,773	$	19,140,916

	Year ended December 31,		Year ended December 31,			Year ended December 31,
Voyage expenses	2023		2024			2025
Brokerage commissions		1,900,940		1,323,613			275,635
Brokerage commissions- related party		1,274,384		1,170,615			1,566,628
Port & other expenses		615,838		1,561,112			1,944,575
Bunkers consumption		1,114,356		319,231			257,305
(Gain) / loss on bunkers		146,710		(125,715	)		34,524
Total Voyage expenses	$	5,052,228	$	4,248,856		$	4,078,667