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VOYAGE REVENUES
3 Months Ended
Mar. 31, 2026
VOYAGE REVENUES  
VOYAGE REVENUES

11 – VOYAGE REVENUES

Total voyage revenues include revenue earned on fixed rate time charters, spot market voyage charters and spot market-related time charters, as well as the sale of bunkers consumed during short-term time charters. For the three months ended March 31, 2026 and 2025, the Company earned $114,429 and $71,269 of voyage revenues, respectively.

Total voyage revenues recognized in the Condensed Consolidated Statements of Operations includes the following:

For the Three Months Ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Lease revenue

$

33,849

$

32,336

Spot market voyage revenue

80,580

38,933

Total voyage revenues

$

114,429

$

71,269