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Voyage and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2012

Voyage and Vessel Operating Expenses [Abstract]

Voyage and Vessel Operating Expenses

17.          Voyage and Vessel Operating Expenses:

The amounts in the accompanying consolidated statements of operations are analyzed as follows:

			2010			2011			2012
Voyage  expenses
Port charges		$	1.047		$	694		$	2.484
Bunkers			1.544			915			10.788
Commissions – third parties			1.180			1.347			947
Commissions – related parties			1.540			1.237			1.134
Chartered-in vessel expenses			11.180			17.909			4.050
Miscellaneous			348			327			195
Total voyage expenses		$	16.839		$	22.429		$	19.598

Vessel operating expenses
Crew wages and related costs		$	12.348		$	12.938		$	14.498
Insurances			2.195			2.399			2.655
Maintenance, Repairs, Spares and Stores			4.729			6.130			6.779
Lubricants			1.925			2.189			3.046
Tonnage taxes			116			123			169
Upgrading expenses			301			789			19
Miscellaneous			735			679			666
Total vessel operating expenses		$	22.349		$	25.247		$	27.832

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- Definition

The entire disclosure for Voyage expenses (Port charges, bunkers, commissions charged by third parties, commissions charged by related parties) and Vessel Operating expenses (crew wages and related costs, insurances, repairs, spares and maintenance, consumable stores, tonnage taxes, miscellaneous).

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