10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-076648`
Period End Date	20120930
Filing Date	20121109
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	gnk-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 89 Cash Flow Statement 67 Stockholders Equity 34 Comprehensive Income 28

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`	$495.00K	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$563.75M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$464.52M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$11.11M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$6.67M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$11.30M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$7.75M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$291.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.42M	USD	Point-in-time
Due from charterers, net of a reserve of $495 and $906, respectively	`AccountsReceivableNetCurrent`	$13.69M	USD	Point-in-time
Due from charterers, net of a reserve of $495 and $906, respectively	`AccountsReceivableNetCurrent`	$8.62M	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.02M	USD	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
Total current assets	`AssetsCurrent`	$113.41M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.31M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	43.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$259.37M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	43.82M	shares	Point-in-time
Vessels, net of accumulated depreciation of $563,749 and $464,518, respectively	`VesselsNet`	$2.79B	USD	Point-in-time
Vessels, net of accumulated depreciation of $563,749 and $464,518, respectively	`VesselsNet`	$2.70B	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $6,675 and $11,111, respectively	`DeferredDrydockCostsNet`	$13.72M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $6,675 and $11,111, respectively	`DeferredDrydockCostsNet`	$6.93M	USD	Point-in-time
Other assets, net of accumulated amortization of $11,304 and $7,749, respectively	`DeferredFinanceCostsNoncurrentNet`	$31.91M	USD	Point-in-time
Other assets, net of accumulated amortization of $11,304 and $7,749, respectively	`DeferredFinanceCostsNoncurrentNet`	$17.80M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,077 and $2,422, respectively	`PropertyPlantAndEquipmentNet`	$5.40M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,077 and $2,422, respectively	`PropertyPlantAndEquipmentNet`	$5.59M	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$9.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$10.15M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$23.82M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$24.47M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.78B	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`	$2.89B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$25.15M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$185.08M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.88M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$4.23M	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$642.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$609.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$221.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.28M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$2.06M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.82M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$1.16M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$606.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$23.65M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$18.26M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$106.38M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$109.73M	USD	Point-in-time
Long-term interest payable	`InterestPayableNoncurrent`	$13.20M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.40B	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.41B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.54B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.56B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.59B	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 43,821,098 and 36,307,598 shares at September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$363.00K	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 43,821,098 and 36,307,598 shares at September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$438.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$809.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$862.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$260.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$359.35M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.11B	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`	$197.85M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.89B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.12B	USD	Point-in-time

Income Statement 89 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$93.48M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$292.61M	USD	3 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$53.60M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$174.74M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$2.47M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$828.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$828.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$2.46M	USD	3 Qtrs
Total revenues	`Revenues`	$54.43M	USD	1 Quarter
Total revenues	`Revenues`	$177.21M	USD	3 Qtrs
Total revenues	`Revenues`	$94.31M	USD	1 Quarter
Total revenues	`Revenues`	$295.07M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$5.10M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$1.70M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$2.60M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$2.69M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$76.39M	USD	3 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$26.13M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$28.27M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$85.62M	USD	3 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.76M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$25.91M	USD	3 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.62M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$25.68M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$103.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$101.48M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.04M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$74.62M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$70.97M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$206.38M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$220.35M	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$88.69M	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-43.15M	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-20.19M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$23.34M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-40.00K	USD	3 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-43.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$31.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-80.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$167.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$352.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$49.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$503.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$21.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$64.65M	USD	3 Qtrs
Interest expense	`InterestExpense`	$65.16M	USD	3 Qtrs
Interest expense	`InterestExpense`	$21.79M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-64.23M	USD	3 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-21.54M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-64.85M	USD	3 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-21.59M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.75M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.46M	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-41.73M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-108.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.04M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$303.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$328.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$918.00K	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$-42.04M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-108.92M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$1.42M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$23.42M	USD	3 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.66M	USD	3 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-9.63M	USD	3 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.59M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-145.00K	USD	1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.56M	USD	1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-38.45M	USD	1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.08M	USD	3 Qtrs
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-99.29M	USD	3 Qtrs
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.71	USD	3 Qtrs
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.90	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-2.40	USD	3 Qtrs
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.90	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.40	USD	3 Qtrs
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	3 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.29M	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`	42.89M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.15M	shares	3 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.89M	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
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.29M	shares	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-42.04M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-108.92M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$1.42M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$23.42M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$103.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$101.48M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.04M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.37M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.60M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$796.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.56M	USD	3 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$463.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$558.00K	USD	3 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$1.43M	USD	3 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$187.00K	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$3.35M	USD	3 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$3.00M	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$76.00K	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$38.00K	USD	3 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$4.59M	USD	3 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$6.62M	USD	3 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$2.27M	USD	3 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-5.07M	USD	3 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-689.00K	USD	3 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.07M	USD	3 Qtrs
Increase in other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$514.00K	USD	3 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.14M	USD	3 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.75M	USD	3 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.35M	USD	3 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.36M	USD	3 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$953.00K	USD	3 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$875.00K	USD	3 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-2.67M	USD	3 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-10.44M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.01M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$121.34M	USD	3 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$894.00K	USD	3 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$98.86M	USD	3 Qtrs
Deposits on vessels	`PaymentsForProceedsFromOtherDeposits`	$87.00K	USD	3 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$1.95M	USD	3 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$692.00K	USD	3 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$400.00K	USD	3 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$750.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.24M	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`	$118.59M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.72M	USD	3 Qtrs
Payment of common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$847.00K	USD	3 Qtrs
Payment of Convertible Senior Notes issuance costs	`PaymentsOfConvertibleSeniorNoteIssuanceCosts`	$51.00K	USD	3 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$5.58M	USD	3 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$3.91M	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$4.33M	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$328.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-132.94M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-39.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$20.91M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-140.19M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.78M	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`	$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`	$87.78M	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`	$227.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	7.50M	shares	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	7.50M	shares	3 Qtrs
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	15,000.00	shares	3 Qtrs
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	15,000.00	shares	3 Qtrs
Issuance of shares of nonvested stock, forfeitures	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod`	1,100.00	shares	3 Qtrs
Issuance of shares of nonvested stock, forfeitures	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod`	1,500.00	shares	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-42.04M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-108.92M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$1.42M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.42M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-14.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-643.00K	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.87M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.56M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.42M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$10.33M	USD	3 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.39M	USD	3 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.52M	USD	1 Quarter
Issuance of 7,500,000 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$49.87M	USD	Point-in-time
Issuance of 7,500,000 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$49.87M	USD	3 Qtrs
Issuance of 15,000 shares of nonvested stock, less forfeitures of 1,500 shares and 1,100 shares for year ended September 30, 2012 and 2011, respectively	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Issuance of 15,000 shares of nonvested stock, less forfeitures of 1,500 shares and 1,100 shares for year ended September 30, 2012 and 2011, respectively	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.62M	USD	3 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.59M	USD	3 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$5.58M	USD	3 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$3.91M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-42.04M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-108.92M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$1.42M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$23.42M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-14.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-643.00K	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.87M	USD	3 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.56M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.42M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$10.33M	USD	3 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.39M	USD	3 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.52M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.04M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-16.53M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$5.75M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-12.19M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.88M	USD	3 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-10.77M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-44.07M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-103.16M	USD	3 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.59M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-9.63M	USD	3 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.66M	USD	3 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-145.00K	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`	$-40.48M	USD	1 Quarter
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-93.54M	USD	3 Qtrs

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