16. Voyage Expenses Voyage expenses comprise the following: | | | | | | | | | | | | | Year ended | | | | March 31, 2026 | | March 31, 2025 | | March 31, 2024 | | Bunkers | | $ | 3,605,119 | | $ | 3,103,534 | | $ | 1,456,899 | | War risk insurances | | | 700,340 | | | 174,298 | | | 345,513 | | Brokers’ commissions | | | — | | | 101,442 | | | 319,616 | | Security cost and other voyage expenses | | | 1,162,009 | | | 872,761 | | | 552,151 | | Total | | $ | 5,467,468 | | $ | 4,252,035 | | $ | 2,674,179 | |
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