10-K Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001104659-12-011713`
Period End Date	20111231
Filing Date	20120222
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	gnk-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 66 Cash Flow Statement 95 Stockholders Equity 30 Comprehensive Income 17

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$334.50M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$464.52M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$9.04M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$11.11M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$7.75M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$4.56M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.04M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$13.69M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$8.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.01M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.71M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	35.95M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.31M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$259.37M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	35.95M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$293.68M	USD	Point-in-time
Vessels, net of accumulated depreciation of $464,518 and $334,502, respectively	`VesselsNet`	$2.79B	USD	Point-in-time
Vessels, net of accumulated depreciation of $464,518 and $334,502, respectively	`VesselsNet`	$2.78B	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$13.72M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $11,111 and $9,044, respectively	`DeferredDrydockCostsNet`	$6.93M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $11,111 and $9,044, respectively	`DeferredDrydockCostsNet`	$8.54M	USD	Point-in-time
Other assets, net of accumulated amortization of $7,749 and $4,561, respectively	`DeferredFinanceCostsNoncurrentNet`	$16.94M	USD	Point-in-time
Other assets, net of accumulated amortization of $7,749 and $4,561, respectively	`DeferredFinanceCostsNoncurrentNet`	$17.80M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,422 and $2,041, respectively	`PropertyPlantAndEquipmentNet`	$2.31M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,422 and $2,041, respectively	`PropertyPlantAndEquipmentNet`	$5.59M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$514.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$9.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$9.00M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$54.71M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$24.47M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.86B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.89B	USD	Point-in-time
Total assets	`Assets`	$3.12B	USD	Point-in-time
Total assets	`Assets`	$3.18B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$31.79M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$185.08M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$71.84M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$4.23M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$9.97M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeInstrumentsAndHedgesLiabilities`	$1.69M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeInstrumentsAndHedgesLiabilities`	$4.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$221.70M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsNoncurrent`	$392.00K	USD	Point-in-time
Deferred rent credit	`DeferredRentCreditNoncurrent`	$657.00K	USD	Point-in-time
Deferred rent credit	`DeferredRentCreditNoncurrent`	$1.82M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$1.16M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$2.20M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$23.65M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$38.88M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$102.31M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$106.38M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.57B	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.40B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.54B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.72B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.83B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76B	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 36,307,598 and 35,951,198 shares at December 31, 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 36,307,598 and 35,951,198 shares at December 31, 2011 and December 31, 2010, respectively	`CommonStockValue`	$363.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$809.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$803.78M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$334.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$359.35M	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`	$210.01M	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`	$696.48M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.18B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.12B	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$388.93M	USD	Annual
Voyage revenues	`CargoAndFreightRevenue`	$447.44M	USD	Annual
Voyage revenues	`CargoAndFreightRevenue`	$379.53M	USD	Annual
Service revenues	`SalesRevenueServicesNet`	$1.25M	USD	Annual
Service revenues	`SalesRevenueServicesNet`	$3.29M	USD	Annual
Total revenues	`Revenues`	$448.69M	USD	Annual
Total revenues	`Revenues`	$392.21M	USD	Annual
Total revenues	`Revenues`	$379.53M	USD	Annual
Voyage expenses	`VoyageExpenses`	$4.47M	USD	Annual
Voyage expenses	`VoyageExpenses`	$5.02M	USD	Annual
Voyage expenses	`VoyageExpenses`	$4.46M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$78.98M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$105.51M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$57.31M	USD	Annual
General, administrative and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$33.93M	USD	Annual
General, administrative and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$29.08M	USD	Annual
General, administrative and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$18.55M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$136.20M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$115.66M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$88.15M	USD	Annual
Other operating income	`OtherOperatingIncome`	$791.00K	USD	Annual
Other operating income	`OtherOperatingIncome`	$527.00K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$279.57M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$169.04M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$227.40M	USD	Annual
Operating income	`OperatingIncomeLoss`	$221.29M	USD	Annual
Operating income	`OperatingIncomeLoss`	$112.64M	USD	Annual
Operating income	`OperatingIncomeLoss`	$210.49M	USD	Annual
Other expense	`OtherNonoperatingIncomeExpense`	$-80.00K	USD	Annual
Other expense	`OtherNonoperatingIncomeExpense`	$-77.00K	USD	Annual
Other expense	`OtherNonoperatingIncomeExpense`	$-312.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$685.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$240.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$616.00K	USD	Annual
Interest expense	`InterestExpense`	$61.80M	USD	Annual
Interest expense	`InterestExpense`	$86.72M	USD	Annual
Interest expense	`InterestExpense`	$72.65M	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-72.04M	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-86.19M	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-61.87M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.45M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$148.62M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$149.25M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.39M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.84M	USD	Annual
Net income	`ProfitLoss`	$25.07M	USD	Annual
Net income	`ProfitLoss`	$147.41M	USD	Annual
Net income	`ProfitLoss`	$148.62M	USD	Annual
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.17M	USD	Annual
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-318.00K	USD	Annual
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$148.62M	USD	Annual
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$141.24M	USD	Annual
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.39M	USD	Annual
Earnings per share-basic (in dollars per share)	`EarningsPerShareBasic`	$4.28	USD	Annual
Earnings per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.72	USD	Annual
Earnings per share-basic (in dollars per share)	`EarningsPerShareBasic`	$4.75	USD	Annual
Earnings per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.07	USD	Annual
Earnings per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.73	USD	Annual
Earnings per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.72	USD	Annual
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.30M	shares	Annual
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.18M	shares	Annual
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.99M	shares	Annual
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.45M	shares	Annual
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.89M	shares	Annual
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.26M	shares	Annual
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	Annual

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$25.07M	USD	Annual
Net income	`ProfitLoss`	$147.41M	USD	Annual
Net income	`ProfitLoss`	$148.62M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$136.20M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$115.66M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$88.15M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.19M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.04M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.97M	USD	Annual
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$1.61M	USD	Annual
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$4.56M	USD	Annual
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$18.98M	USD	Annual
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$4.07M	USD	Annual
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.68M	USD	Annual
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$66.00K	USD	Annual
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$51.00K	USD	Annual
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-288.00K	USD	Annual
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$8.34M	USD	Annual
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$4.22M	USD	Annual
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$7.22M	USD	Annual
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$6.68M	USD	Annual
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-180.00K	USD	Annual
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$4.89M	USD	Annual
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$3.80M	USD	Annual
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$236.00K	USD	Annual
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$3.72M	USD	Annual
Increase in other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$514.00K	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.05M	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.09M	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$874.00K	USD	Annual
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$177.00K	USD	Annual
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.46M	USD	Annual
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.14M	USD	Annual
Increase (decrease) in deferred rent credit	`IncreaseDecreaseInOtherDeferredLiability`	$-30.00K	USD	Annual
Increase (decrease) in deferred rent credit	`IncreaseDecreaseInOtherDeferredLiability`	$1.17M	USD	Annual
Increase (decrease) in deferred rent credit	`IncreaseDecreaseInOtherDeferredLiability`	$-19.00K	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-4.59M	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-3.71M	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-4.01M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$219.73M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$158.18M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$262.68M	USD	Annual
Purchase of vessels	`PaymentsToAcquireVessels`	$287.64M	USD	Annual
Purchase of vessels	`PaymentsToAcquireVessels`	$971.20M	USD	Annual
Purchase of vessels	`PaymentsToAcquireVessels`	$130.33M	USD	Annual
Deposits on vessels	`PaymentsForProceedsFromOtherDeposits`	$13.70M	USD	Annual
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$17.50M	USD	Annual
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$750.00K	USD	Annual
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-8.50M	USD	Annual
Proceeds from sale of vessels	`ProceedsFromSaleOfVessels`	$106.56M	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$1.07M	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$380.00K	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$2.29M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-306.21M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-870.23M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-133.37M	USD	Annual
Proceeds from the 2007 Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$166.20M	USD	Annual
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$12.50M	USD	Annual
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$50.00M	USD	Annual
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$102.50M	USD	Annual
Proceeds from the $100 Million Term Loan Facility	`ProceedsFromIssuanceOfSecuredDebt`	$40.00M	USD	Annual
Proceeds from the $100 Million Term Loan Facility	`ProceedsFromIssuanceOfSecuredDebt`	$60.00M	USD	Annual
Repayments on the $100 Million Term Loan Facility	`RepaymentsOfSecuredDebt`	$1.12M	USD	Annual
Repayments on the $100 Million Term Loan Facility	`RepaymentsOfSecuredDebt`	$8.01M	USD	Annual
Proceeds from the $253 Million Term Loan Facility	`ProceedsFromTermLoanFacility`	$231.50M	USD	Annual
Proceeds from the $253 Million Term Loan Facility	`ProceedsFromTermLoanFacility`	$21.50M	USD	Annual
Repayments on the $253 Million Term Loan Facility	`RepaymentsOfTermLoanFacility`	$26.92M	USD	Annual
Repayments on the $253 Million Term Loan Facility	`RepaymentsOfTermLoanFacility`	$4.69M	USD	Annual
Proceeds from the Baltic Trading 2010 Credit Facility	`ProceedsFromCreditFacility`	$101.25M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$55.20M	USD	Annual
Payment of common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$318.00K	USD	Annual
Proceeds from issuance of Convertible Senior Notes	`ProceedsFromConvertibleDebt`	$125.00M	USD	Annual
Payment of Convertible Senior Notes issuance costs	`PaymentsOfConvertibleSeniorNoteIssuanceCosts`	$51.00K	USD	Annual
Payment of Convertible Senior Notes issuance costs	`PaymentsOfConvertibleSeniorNoteIssuanceCosts`	$867.00K	USD	Annual
Proceeds from issuance of common stock by subsidiary	`ProceedsFromMinorityShareholders`	$214.51M	USD	Annual
Payment of subsidiary common stock issuance costs	`PaymentsOfStockIssuanceCostsOfMinorityShareholders`	$3.72M	USD	Annual
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$5.37M	USD	Annual
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$7.60M	USD	Annual
Payment of deferred financing costs and deferred registration costs	`PaymentOfFinancingAndStockIssuanceCosts`	$3.91M	USD	Annual
Payment of deferred financing costs and deferred registration costs	`PaymentOfFinancingAndStockIssuanceCosts`	$4.14M	USD	Annual
Payment of deferred financing costs and deferred registration costs	`PaymentOfFinancingAndStockIssuanceCosts`	$11.21M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$149.79M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$690.16M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-67.72M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$63.31M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$82.61M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-42.91M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$124.96M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$124.96M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	357,500.00	shares	Annual
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	514,650.00	shares	Annual
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	133,250.00	shares	Annual
Issuance of shares of nonvested stock, forfeitures	`StockForfeitedDuringPeriodSharesIssuanceOfNonvestedStock`	1,100.00	shares	Annual
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	3.59M	shares	Annual
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`	$696.48M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$25.07M	USD	Annual
Net income (loss)	`ProfitLoss`	$147.41M	USD	Annual
Net income (loss)	`ProfitLoss`	$148.62M	USD	Annual
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-17.47M	USD	Annual
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$55.41M	USD	Annual
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-30.25M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$17.91M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.33M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$24.20M	USD	Annual
Issuance of 3,593,750 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$54.88M	USD	Annual
Issuance of convertible senior notes	`IssuanceOfConvertibleSeniorNotes`	$23.46M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.22M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.22M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.34M	USD	Annual
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$5.37M	USD	Annual
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$7.60M	USD	Annual
Issuance of common stock of Baltic Trading Limited	`MinorityInterestIncreaseFromStockIssuance`	$210.43M	USD	Annual
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`	$696.48M	USD	Point-in-time

Comprehensive Income 17 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$25.07M	USD	Annual
Net income	`ProfitLoss`	$147.41M	USD	Annual
Net income	`ProfitLoss`	$148.62M	USD	Annual
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-17.47M	USD	Annual
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$55.41M	USD	Annual
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-30.25M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$17.91M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.33M	USD	Annual
Unrealized gain (loss) on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$24.20M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$128.61M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.73M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$228.23M	USD	Annual
Less: Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.17M	USD	Annual
Less: Comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-318.00K	USD	Annual
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$13.05M	USD	Annual
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$228.23M	USD	Annual
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$122.44M	USD	Annual

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