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Voyage and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2013

Voyage and Vessel Operating Expenses [Abstract]

Voyage and Vessel Operating Expenses

18.      Voyage and Vessel Operating Expenses:

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

			2011			2012			2013
Voyage  expenses
Port charges			$  694			$  2,484			$  1,455
Bunkers			915			10,788			4,338
Commissions - third parties			1,347			947			867
Commissions - related parties (Note 3)			1,237			1,134			773
Chartered-in vessel expenses			17,909			4,050			-
Miscellaneous			327			195			116
Total voyage expenses			$ 22,429			$  19,598			$  7,549

Vessel operating expenses
Crew wages and related costs			$  12,938			$  14,498			$  14,355
Insurances			2,399			2,655			2,968
Maintenance, Repairs, Spares and Stores			6,130			6,779			5,772
Lubricants			2,189			3,046			2,339
Tonnage taxes			123			169			797
Upgrading expenses			789			19			205
Miscellaneous			679			666			651
Total vessel operating expenses			$  25,247			$  27,832			$  27,087

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- Definition

This 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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