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Voyage Expenses and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2019

Voyage Expenses and Vessel Operating Expenses [Abstract]

Voyage Expenses and Vessel Operating Expenses

11. Voyage Expenses and Vessel Operating Expenses

Voyage expenses and vessel operating expenses consist of the following

	For the years ended December 31,
	2019	2018	2017
Voyage expenses:
Commissions	$           1,952	$           2,171	$1,977
Bunkers	89	4,360	1,384
Port expenses	4	2,217	1,053
Other	885	365	253
Total	$         2,930	$           9,113	$4,667
Vessel operating expenses:
Crew costs and related costs	$        13,375	$       14,794	$15,558
Insurance expense	1,796	2,112	2,436
Spares, repairs, maintenance and other expenses	5,001	4,396	4,412
Stores and lubricants	3,251	3,451	3,500
Management fees (Note 5)	3,917	4,221	4,466
Other operating expenses	3,209	1,674	1,492
Total	$        30,549	$        30,648	$ 31,864

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- Definition

The entire disclosure for voyage and vessel operating expenses relating to the operation and maintenance of the vessels, which are not separately disclosed in the income statement.

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