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VOYAGE REVENUES

6 Months Ended

Jun. 30, 2023

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 June 30, 2023 and 2022, the Company earned $90,556 and $137,764 of voyage revenues, respectively. For the six months ended June 30, 2023 and 2022, the Company earned $184,947 and $273,991, respectively.

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


		For the Three Months Ended						For the Six Months Ended
		June 30,						June 30,
		2023			2022			2023			2022
Lease revenue		$	44,926		$	62,752		$	81,893		$	118,557
Spot market voyage revenue			45,630			75,012			103,054			155,434
Total voyage revenues		$	90,556		$	137,764		$	184,947		$	273,991