And this increase is mainly due to COVID-19-related increase in crew remuneration, increased travel expenses, insurance premiums, and generally inflationary pressures that have prevailed between the two periods.

May 16, 2023 / CFO / receipt, needs a key / Evangelos Hatzis, CFO | earnings call 2023-05-16 | transcript 57ac1e54-a538-4f20-9e10-05d82e249036 | chars 5693-5904 | segment 5

Vessel operating expenses increased by $2.8 million to $40 million in the current quarter from $37.2 million in the fourth quarter of 2021, mainly as a result of the increase in the average daily operating costs that increased to $6,417 per day for this quarter, up from $5,860 per day in the fourth quarter of 2021, mainly due to COVID-19-related increase in crew remuneration and increase in travel expenses, as well as increased insurance premiums and general inflationary pressures.

Feb 15, 2023 / CFO / receipt, needs a key / Evangelos Hatzis, CFO | earnings call 2023-02-15 | transcript 5cfd6a6b-a37e-420a-91f8-ff68d78dbdd7 | chars 5209-5695 | segment 5

Vessel operating expenses increased by $4.5 million to $39.2 million in the current quarter, from $34.7 million in the third quarter of 2021, mainly as a result of the increase in the average number of vessels in our fleet, while the average daily vessel operating cost increased to $6,173 per day for the current quarter, from $5,918 per day in the third quarter of 2021, mainly due to COVID-19 related increase in crew remuneration and increase in travel expenses, as well as increased insurance premiums between the two periods.

Nov 8, 2022 / CFO / receipt, needs a key / Evangelos Hatzis, CFO | earnings call 2022-11-08 | transcript c24db9a4-020c-4f8f-a607-4035c20a90ad | chars 5706-6237 | segment 5