10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-062727`
Period End Date	20110930
Filing Date	20111109
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	gnk-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 91 Cash Flow Statement 78 Stockholders Equity 31 Comprehensive Income 24

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$940.00K	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$592.00K	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$334.50M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$431.24M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$9.04M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$9.37M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$6.93M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$4.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$291.79M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Due from charterers, net of a reserve of $940 and $592, respectively	`AccountsReceivableNetCurrent`	$11.07M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Due from charterers, net of a reserve of $940 and $592, respectively	`AccountsReceivableNetCurrent`	$8.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.01M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.08M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	35.95M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	35.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$318.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$293.68M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	35.95M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	35.97M	shares	Point-in-time
Vessels, net of accumulated depreciation of $431,244 and $334,502, respectively	`VesselsNet`	$2.78B	USD	Point-in-time
Vessels, net of accumulated depreciation of $431,244 and $334,502, respectively	`VesselsNet`	$2.79B	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$3.45M	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$13.72M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $9,368 and $9,044, respectively	`DeferredDrydockCostsNet`	$6.87M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $9,368 and $9,044, respectively	`DeferredDrydockCostsNet`	$8.54M	USD	Point-in-time
Other assets, net of accumulated amortization of $6,930 and $4,561, respectively	`DeferredFinanceCostsNoncurrentNet`	$16.94M	USD	Point-in-time
Other assets, net of accumulated amortization of $6,930 and $4,561, respectively	`DeferredFinanceCostsNoncurrentNet`	$14.69M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,287 and $2,041, respectively	`PropertyPlantAndEquipmentNet`	$3.88M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,287 and $2,041, respectively	`PropertyPlantAndEquipmentNet`	$2.31M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$514.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$9.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$9.75M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$54.71M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$27.85M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.89B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.86B	USD	Point-in-time
Total assets	`Assets`	$3.18B	USD	Point-in-time
Total assets	`Assets`	$3.18B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.45M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$31.79M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$71.84M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$147.84M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$9.97M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$5.01M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeInstrumentsAndHedgesLiabilities`	$4.42M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeInstrumentsAndHedgesLiabilities`	$5.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.78M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsNoncurrent`	$392.00K	USD	Point-in-time
Deferred rent credit	`DeferredRentCreditNoncurrent`	$1.61M	USD	Point-in-time
Deferred rent credit	`DeferredRentCreditNoncurrent`	$657.00K	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$1.14M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$2.20M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$27.45M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$38.88M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$105.31M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$102.31M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.50B	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.57B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.64B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.72B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.82B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.83B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 35,965,098 and 35,951,198 shares at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$359.00K	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 35,965,098 and 35,951,198 shares at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$359.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$803.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$808.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$359.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$334.02M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$210.15M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$215.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$928.92M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.18B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.18B	USD	Point-in-time

Income Statement 91 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$93.48M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$117.56M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$292.61M	USD	3 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$317.58M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$828.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$462.00K	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$2.46M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$462.00K	USD	1 Quarter
Total revenues	`Revenues`	$94.31M	USD	1 Quarter
Total revenues	`Revenues`	$118.02M	USD	1 Quarter
Total revenues	`Revenues`	$295.07M	USD	3 Qtrs
Total revenues	`Revenues`	$318.04M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$2.60M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$1.45M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$3.20M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$1.70M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$21.43M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$26.13M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$76.39M	USD	3 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$52.47M	USD	3 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$20.28M	USD	3 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$7.32M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.76M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$25.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$101.48M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.09M	USD	3 Qtrs
Other operating income	`OtherOperatingIncome`	$206.00K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$70.97M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$60.19M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$206.38M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$156.84M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$23.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$161.20M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$88.69M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$57.83M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-79.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-80.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-54.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$31.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$167.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$513.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$503.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$189.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.79M	USD	1 Quarter
Interest expense	`InterestExpense`	$64.65M	USD	3 Qtrs
Interest expense	`InterestExpense`	$50.61M	USD	3 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-50.15M	USD	3 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-64.23M	USD	3 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-19.26M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-21.59M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.75M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.46M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$38.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$111.05M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.04M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.19M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$467.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$328.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.42M	USD	1 Quarter
Net income	`ProfitLoss`	$23.42M	USD	3 Qtrs
Net income	`ProfitLoss`	$38.10M	USD	1 Quarter
Net income	`ProfitLoss`	$109.86M	USD	3 Qtrs
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.88M	USD	1 Quarter
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.66M	USD	3 Qtrs
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-145.00K	USD	1 Quarter
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.43M	USD	3 Qtrs
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.56M	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.08M	USD	3 Qtrs
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$36.23M	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$106.44M	USD	3 Qtrs
Earnings per share-basic (in dollars per share)	`EarningsPerShareBasic`	$1.07	USD	1 Quarter
Earnings per share-basic (in dollars per share)	`EarningsPerShareBasic`	$3.30	USD	3 Qtrs
Earnings per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.71	USD	3 Qtrs
Earnings per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Earnings per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.99	USD	1 Quarter
Earnings per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	3 Qtrs
Earnings per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.19	USD	3 Qtrs
Earnings per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.28M	shares	3 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.15M	shares	3 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.16M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.00M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.97M	shares	3 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.72M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.21M	shares	3 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.21M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	3 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.42M	USD	1 Quarter
Net income	`ProfitLoss`	$23.42M	USD	3 Qtrs
Net income	`ProfitLoss`	$38.10M	USD	1 Quarter
Net income	`ProfitLoss`	$109.86M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$101.48M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.09M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.37M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.19M	USD	3 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$1.43M	USD	3 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$3.89M	USD	3 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$671.00K	USD	3 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$3.00M	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$41.00K	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$38.00K	USD	3 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$6.62M	USD	3 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$5.32M	USD	3 Qtrs
Increase in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$2.27M	USD	3 Qtrs
Increase in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$3.48M	USD	3 Qtrs
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.07M	USD	3 Qtrs
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$4.98M	USD	3 Qtrs
Increase in other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$514.00K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.74M	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.14M	USD	3 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.36M	USD	3 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-518.00K	USD	3 Qtrs
Increase (decrease) in deferred rent credit	`IncreaseDecreaseInOtherDeferredLiability`	$953.00K	USD	3 Qtrs
Increase (decrease) in deferred rent credit	`IncreaseDecreaseInOtherDeferredLiability`	$-17.00K	USD	3 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-2.67M	USD	3 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-3.22M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$121.34M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$189.73M	USD	3 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$98.86M	USD	3 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$789.53M	USD	3 Qtrs
Deposits on vessels	`PaymentsForProceedsFromOtherDeposits`	$87.00K	USD	3 Qtrs
Deposits on vessels	`PaymentsForProceedsFromOtherDeposits`	$31.49M	USD	3 Qtrs
Deposits on vessels to be sold	`PaymentsForProceedsFromOtherDepositsToBeSold`	$6.93M	USD	3 Qtrs
Proceeds from sale of vessel	`ProceedsFromSaleOfVessels`	$36.56M	USD	3 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$692.00K	USD	3 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$353.00K	USD	3 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$750.00K	USD	3 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.50M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-795.25M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-100.39M	USD	3 Qtrs
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$37.50M	USD	3 Qtrs
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$37.50M	USD	3 Qtrs
Proceeds from the $100 Million Term Loan Facility	`ProceedsFromIssuanceOfSecuredDebt`	$40.00M	USD	3 Qtrs
Proceeds from the $100 Million Term Loan Facility	`ProceedsFromIssuanceOfSecuredDebt`	$40.00M	USD	3 Qtrs
Repayments on the $100 Million Term Loan Facility	`RepaymentsOfSecuredDebt`	$3.24M	USD	3 Qtrs
Repayments on the $100 Million Term Loan Facility	`RepaymentsOfSecuredDebt`	$351.00K	USD	3 Qtrs
Proceeds from the $253 Million Term Loan Facility	`ProceedsFromTermLoanFacility`	$21.50M	USD	3 Qtrs
Proceeds from the $253 Million Term Loan Facility	`ProceedsFromTermLoanFacility`	$231.50M	USD	3 Qtrs
Repayments on the $253 Million Term Loan Facility	`RepaymentsOfTermLoanFacility`	$14.84M	USD	3 Qtrs
Proceeds from the Baltic Trading 2010 Credit Facility	`ProceedsFromCreditFacility`	$69.83M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$55.20M	USD	3 Qtrs
Payment of common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$91.00K	USD	3 Qtrs
Proceeds from issuance of Convertible Senior Notes	`ProceedsFromConvertibleDebt`	$125.00M	USD	3 Qtrs
Payment of Convertible Senior Notes issuance costs	`PaymentsOfConvertibleSeniorNoteIssuanceCosts`	$771.00K	USD	3 Qtrs
Payment of Convertible Senior Notes issuance costs	`PaymentsOfConvertibleSeniorNoteIssuanceCosts`	$51.00K	USD	3 Qtrs
Proceeds from issuance of common stock by subsidiary	`ProceedsFromMinorityShareholders`	$214.51M	USD	3 Qtrs
Payments of subsidiary common stock issuance costs	`PaymentsOfStockIssuanceCostsOfMinorityShareholders`	$3.72M	USD	3 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$2.69M	USD	3 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$5.58M	USD	3 Qtrs
Payment of deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$328.00K	USD	3 Qtrs
Payment of deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$8.79M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-39.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$682.12M	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$76.60M	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$20.91M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$264.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$291.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$264.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$291.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	15,000.00	shares	3 Qtrs
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	90,000.00	shares	3 Qtrs
Issuance of shares of nonvested stock, forfeitures	`StockForfeitedDuringPeriodSharesIssuanceOfNonvestedStock`	1,100.00	shares	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	3.59M	shares	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$928.92M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$1.42M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.42M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$38.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$109.86M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-14.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$10.37M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.87M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-8.53M	USD	3 Qtrs
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$10.33M	USD	3 Qtrs
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-3.58M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.42M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-12.37M	USD	3 Qtrs
Issuance of 3,593,750 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$54.88M	USD	3 Qtrs
Issuance of Convertible Senior Notes	`IssuanceOfConvertibleSeniorNotes`	$23.41M	USD	3 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.62M	USD	3 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.32M	USD	3 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$2.69M	USD	3 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$5.58M	USD	3 Qtrs
Issuance of common stock of Baltic Trading Limited	`MinorityInterestIncreaseFromStockIssuance`	$210.40M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$928.92M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.42M	USD	1 Quarter
Net income	`ProfitLoss`	$23.42M	USD	3 Qtrs
Net income	`ProfitLoss`	$38.10M	USD	1 Quarter
Net income	`ProfitLoss`	$109.86M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-14.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$10.37M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.87M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-8.53M	USD	3 Qtrs
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$10.33M	USD	3 Qtrs
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-3.58M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.42M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-12.37M	USD	3 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$44.89M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$88.96M	USD	3 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-10.77M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.88M	USD	3 Qtrs
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.88M	USD	1 Quarter
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-145.00K	USD	1 Quarter
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.66M	USD	3 Qtrs
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.43M	USD	3 Qtrs
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$43.02M	USD	1 Quarter
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$8.55M	USD	3 Qtrs
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-10.62M	USD	1 Quarter
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$85.53M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.