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Note 17 - Voyage Expenses and Vessel Operating Expenses | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Voyage Expenses and Vessel Operating Expenses [Text Block] |
| 17. | Voyage Expenses and Vessel Operating Expenses
The amounts in the accompanying consolidated statements of operations are analyzed as follows:
|  | Year ended December 31, |
Voyage Expenses |  | 2015 |  |  | 2016 |  |  | 2017 |
Port expenses |  |  | 3,960,574 |  |  |  | 3,306,157 |  |  |  | 2,546,926 |
Bunkers |  |  | 8,566,490 |  |  |  | 6,117,326 |  |  |  | 6,668,126 |
Commissions |  |  | 4,112,177 |  |  |  | 4,259,812 |  |  |  | 4,584,612 |
Other voyage expenses |  |  | 936,297 |  |  |  | 1,706,970 |  |  |  | 1,916,873 |
Total |  |  | 17,575,538 |  |  |  | 15,390,265 |  |  |  | 15,716,537 |
|  | Year ended December 31, |
Vessels’ Operating Expenses |  | 2015 |  |  | 2016 |  |  | 2017 |
Crew wages and related costs |  |  | 31,391,419 |  |  |  | 36,821,527 |  |  |  | 37,345,800 |
Insurance |  |  | 2,415,028 |  |  |  | 2,421,948 |  |  |  | 2,016,647 |
Repairs and maintenance |  |  | 5,091,916 |  |  |  | 5,724,148 |  |  |  | 6,424,557 |
Spares and consumable stores |  |  | 7,978,592 |  |  |  | 8,514,293 |  |  |  | 8,508,276 |
Miscellaneous expenses |  |  | 3,777,670 |  |  |  | 5,340,920 |  |  |  | 5,124,154 |
Total |  |  | 50,654,625 |  |  |  | 58,822,836 |  |  |  | 59,419,434 |

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