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Derivative Instruments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

The following table presents the effect of our derivative financial instruments on the consolidated statements of operations for the three and six months ended June 30, 2022 and 2021:

						Unrealized gain (loss) on derivative instruments
						For the three months ended												For the six months ended
Derivative instruments						06/30/2022						6/30/2021						06/30/2022						6/30/2021
Forward freight agreements						$	(1,698,327)					$	5,651,000					$	1,061,579					$	6,140,885
Fuel Swap Contracts						(2,133,497)						940,615						$	889,285					$	1,682,229
Interest rate cap						330,175						(287,839)						$	2,047,801					$	503,034
Total Gain						$	(3,501,649)					$	6,303,776					$	3,998,665					$	8,326,148

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- References

No definition available.

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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