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VOYAGE REVENUES

9 Months Ended

Sep. 30, 2024

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, 2024 and 2023, the Company earned $99,332 and $83,361 of voyage revenues, respectively. For the nine months ended September 30, 2024 and 2023, the Company earned $323,814 and $268,309, 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,
		2024			2023			2024			2023
Lease revenue		$	48,485		$	27,905		$	138,100		$	109,798
Spot market voyage revenue			50,847			55,456			185,714			158,511
Total voyage revenues		$	99,332		$	83,361		$	323,814		$	268,309