| Vessel Voyage and Operating Expenses [Text Block] |
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13.
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Voyage Expenses, net and Vessel Operating Expenses
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These consist of:
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Year ended December 31,
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2023
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2024
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2025
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Voyage expenses, net
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Port charges and canal dues
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1,261,245 |
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709,361 |
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944,158 |
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Bunkers consumption (including gain on bunkers)
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2,731,786 |
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5,348,331 |
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4,732,579 |
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Total
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3,993,031 |
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6,057,692 |
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5,676,737 |
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Vessel operating expenses
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Crew wages and related costs
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11,032,888 |
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14,105,295 |
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13,673,592 |
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Insurance
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2,060,324 |
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2,529,231 |
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2,256,107 |
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Repairs and maintenance
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1,149,488 |
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910,009 |
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1,115,512 |
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Lubricants
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1,286,046 |
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1,350,166 |
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1,248,427 |
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Spares and consumable stores
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3,496,958 |
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4,999,329 |
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4,663,536 |
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Professional and legal fees
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794,269 |
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638,515 |
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703,592 |
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Other
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938,735 |
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1,134,734 |
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1,294,771 |
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Total
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20,758,708 |
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25,667,279 |
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24,955,537 |
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