10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-035922`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	gnk-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 45 Cash Flow Statement 58 Stockholders Equity 20 Comprehensive Income 14

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$906.00K	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$951.00K	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$497.49M	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`	$8.73M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$7.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$246.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$275.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.42M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.62M	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
Due from charterers, net of a reserve of $951 and $906, respectively	`AccountsReceivableNetCurrent`	$13.69M	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 $951 and $906, respectively	`AccountsReceivableNetCurrent`	$11.24M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.59M	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`	$17.71M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.31M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$259.37M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	43.81M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$278.51M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	43.81M	shares	Point-in-time
Vessels, net of accumulated depreciation of $497,485 and $464,518, respectively	`VesselsNet`	$2.76B	USD	Point-in-time
Vessels, net of accumulated depreciation of $497,485 and $464,518, respectively	`VesselsNet`	$2.79B	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $9,038 and $11,111, respectively	`DeferredDrydockCostsNet`	$6.93M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $9,038 and $11,111, respectively	`DeferredDrydockCostsNet`	$9.76M	USD	Point-in-time
Other assets, net of accumulated amortization of $8,729 and $7,749, respectively	`DeferredFinanceCostsNoncurrentNet`	$16.89M	USD	Point-in-time
Other assets, net of accumulated amortization of $8,729 and $7,749, respectively	`DeferredFinanceCostsNoncurrentNet`	$17.80M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,621 and $2,422, respectively	`PropertyPlantAndEquipmentNet`	$5.49M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,621 and $2,422, respectively	`PropertyPlantAndEquipmentNet`	$5.59M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$514.00K	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`	$9.75M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$32.28M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$24.47M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.84B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.86B	USD	Point-in-time
Total assets	`Assets`	$3.12B	USD	Point-in-time
Total assets	`Assets`	$3.12B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$24.46M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$185.08M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$220.77M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$4.23M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$3.69M	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$682.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeInstrumentsAndHedgesLiabilities`	$1.69M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeInstrumentsAndHedgesLiabilities`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$221.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$251.35M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.54M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.82M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$978.00K	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$1.16M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$20.82M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$23.65M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$107.47M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$106.38M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.40B	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.35B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.54B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.48B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.73B	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 43,807,598 and 36,307,598 shares at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$438.00K	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 43,807,598 and 36,307,598 shares at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$363.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$809.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$860.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.98M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$359.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$326.26M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$205.03M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$210.01M	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`	$1.39B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.12B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.12B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$59.02M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$100.62M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$810.00K	USD	1 Quarter
Total revenues	`Revenues`	$101.43M	USD	1 Quarter
Total revenues	`Revenues`	$59.84M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$1.41M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$968.00K	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$27.83M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$24.80M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.85M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.08M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$72.36M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$67.69M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$33.73M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-12.52M	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-55.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$155.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$172.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$23.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.32M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-21.20M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-23.59M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-36.11M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.53M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$359.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$271.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.17M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-36.38M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.25M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.31M	USD	1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.43M	USD	1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.07M	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.87	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.87	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.09M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.14M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.22M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.09M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$12.17M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-36.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.08M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$778.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$980.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$473.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$186.00K	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$967.00K	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.09M	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$13.00K	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$27.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.65M	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$2.44M	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.45M	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-1.11M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.37M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.88M	USD	1 Quarter
Increase in other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$514.00K	USD	1 Quarter
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.99M	USD	1 Quarter
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.96M	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-534.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.37M	USD	1 Quarter
Increase (decrease) in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$398.00K	USD	1 Quarter
Increase (decrease) in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$-13.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-675.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-3.97M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$40.15M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.97M	USD	1 Quarter
Purchase of vessels	`PaymentsToAcquireVessels`	$35.13M	USD	1 Quarter
Purchase of vessels	`PaymentsToAcquireVessels`	$319.00K	USD	1 Quarter
Deposits on vessels	`PaymentsForProceedsFromOtherDeposits`	$78.00K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$1.23M	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$66.00K	USD	1 Quarter
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$750.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-36.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.55M	USD	1 Quarter
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$12.50M	USD	1 Quarter
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$12.50M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.72M	USD	1 Quarter
Payment of common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$632.00K	USD	1 Quarter
Payment of Convertible Senior Notes issuance costs	`PaymentsOfConvertibleSeniorNoteIssuanceCosts`	$51.00K	USD	1 Quarter
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$2.21M	USD	1 Quarter
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$2.87M	USD	1 Quarter
Payment of deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$154.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$147.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$461.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.23M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$18.71M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$4.59M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$246.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$275.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	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`	$246.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$275.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	7.50M	shares	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$12.17M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-36.38M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.81M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$430.00K	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$7.21M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.75M	USD	1 Quarter
Issuance of 7,500,000 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$49.87M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.65M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.44M	USD	1 Quarter
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$2.21M	USD	1 Quarter
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$2.87M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$12.17M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-36.38M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.81M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$430.00K	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$7.21M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.75M	USD	1 Quarter
Other Comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.63M	USD	1 Quarter
Other Comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$10.57M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-25.82M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$19.81M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.25M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.31M	USD	1 Quarter
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-22.50M	USD	1 Quarter
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$21.06M	USD	1 Quarter

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