v3.26.1
Note 13 - Voyage Expenses, Net and Vessel Operating Expenses
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Vessel Voyage and Operating Expenses [Text Block]

13.

Voyage Expenses, net and Vessel Operating Expenses

 

These consist of:

 

   

Year ended December 31,

 
   

2023

   

2024

   

2025

 

Voyage expenses, net

                       

Port charges and canal dues

    1,261,245       709,361       944,158  

Bunkers consumption (including gain on bunkers)

    2,731,786       5,348,331       4,732,579  

Total

    3,993,031       6,057,692       5,676,737  
                         

Vessel operating expenses

                       

Crew wages and related costs

    11,032,888       14,105,295       13,673,592  

Insurance

    2,060,324       2,529,231       2,256,107  

Repairs and maintenance

    1,149,488       910,009       1,115,512  

Lubricants

    1,286,046       1,350,166       1,248,427  

Spares and consumable stores

    3,496,958       4,999,329       4,663,536  

Professional and legal fees

    794,269       638,515       703,592  

Other

    938,735       1,134,734       1,294,771  

Total

    20,758,708       25,667,279       24,955,537