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Note 16 - Voyage Expenses and Vessel Operating Expenses | 12 Months Ended
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Dec. 31, 2015
Voyage Expenses And Vessel Operating Expenses [Abstract] |
Voyage Expenses And Vessel Operating Expenses [Text Block] |
16. | Voyage Expenses and Vessel Operating Expenses
The amounts in the accompanying consolidated statements of income are analyzed as follows:
|  | Year ended December 31,
Voyage Expenses |  | 2013 |  | 2014 |  | 2015
Port expenses |  |  | 2,067,494 |  |  |  | 2,278,961 |  |  |  | 3,960,574 |
Bunkers |  |  | 8,347,130 |  |  |  | 7,553,318 |  |  |  | 8,566,490 |
Commissions |  |  | 3,244,939 |  |  |  | 3,725,645 |  |  |  | 4,112,177 |
Other voyage expenses |  |  | 643,067 |  |  |  | 529,587 |  |  |  | 936,297 |
Total |  |  | 14,302,630 |  |  |  | 14,087,511 |  |  |  | 17,575,538 |
|  | Year ended December 31,
Vessels’ Operating Expenses |  | 2013 |  | 2014 |  | 2015
Crew wages and related costs |  |  | 22,138,595 |  |  |  | 26,378,730 |  |  |  | 31,391,419 |
Insurance |  |  | 1,667,915 |  |  |  | 2,028,142 |  |  |  | 2,415,028 |
Repairs and maintenance |  |  | 4,243,133 |  |  |  | 5,194,476 |  |  |  | 5,091,916 |
Spares and consumable stores |  |  | 5,757,455 |  |  |  | 7,120,974 |  |  |  | 7,978,592 |
Miscellaneous expenses |  |  | 2,716,455 |  |  |  | 4,713,014 |  |  |  | 3,777,670 |
Total |  |  | 36,523,553 |  |  |  | 45,435,336 |  |  |  | 50,654,625 |

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