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VOYAGE REVENUES

9 Months Ended

Sep. 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 September 30, 2023 and 2022, the Company earned $83,361 and $135,970 of voyage revenues, respectively. For the nine months ended September 30, 2023 and 2022, the Company earned $268,309 and $409,961, respectively.

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


		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2023			2022			2023			2022
Lease revenue		$	27,905		$	59,634		$	109,798		$	178,191
Spot market voyage revenue			55,456			76,336			158,511			231,770
Total voyage revenues		$	83,361		$	135,970		$	268,309		$	409,961