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Voyage Expenses and Vessel Operating Expenses
12 Months Ended
Dec. 31, 2019
Text Block [Abstract]  
Voyage Expenses and Vessel Operating Expenses
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
  
2017
   
2018
   
2019
 
Port expenses
   2,546,926    2,841,661    3,170,781 
Bunkers
   6,668,126    11,641,615    8,153,437 
Commissions
   4,584,612    4,796,483    4,443,642 
Other voyage expenses
   1,916,873    1,407,416    1,222,661 
  
 
 
   
 
 
   
 
 
 
Total
  
 
15,716,537
 
  
 
20,687,175
 
  
 
16,990,521
 
  
 
 
   
 
 
   
 
 
 
 
   
Year ended December 31,
 
Vessels’ Operating Expenses
  
2017
   
2018
   
2019
 
Crew wages and related costs
   37,345,800    36,628,082    30,874,618 
Insurance
   2,016,647    2,068,485    2,162,523 
Repairs and maintenance
   6,424,557    7,359,816    5,677,033 
Spares and consumable stores
   8,508,276    8,907,211    7,783,902 
Miscellaneous expenses
   5,124,154    5,471,184    3,088,018 
  
 
 
   
 
 
   
 
 
 
Total
  
 
59,419,434
 
  
 
60,434,778
 
  
 
49,586,094