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VOYAGE REVENUES

6 Months Ended

Jun. 30, 2025

VOYAGE REVENUES

VOYAGE REVENUES

12 – 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, 2025 and 2024, the Company earned $80,939 and $107,047 of voyage revenues, respectively. For the six months ended June 30, 2025 and 2024, the Company earned $152,208 and $224,482, 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,
		2025			2024			2025			2024
Lease revenue		$	29,664		$	46,432		$	62,000		$	89,615
Spot market voyage revenue			51,275			60,615			90,208			134,867
Total voyage revenues		$	80,939		$	107,047		$	152,208		$	224,482