10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-040277`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	gnk-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 45 Cash Flow Statement 51 Stockholders Equity 21 Comprehensive Income 14

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$488.00K	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$484.00K	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$629.95M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$597.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$8.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$246.68M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$9.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.05M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$15.00M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$13.16M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.85M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.54M	USD	Point-in-time
Due from charterers, net of a reserve of $484 and $488, respectively	`AccountsReceivableNetCurrent`	$11.71M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.31M	USD	Point-in-time
Due from charterers, net of a reserve of $484 and $488, respectively	`AccountsReceivableNetCurrent`	$12.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.15M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.33M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$102.46M	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
Total current assets	`AssetsCurrent`	$97.37M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.27M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.27M	shares	Point-in-time
Vessels, net of accumulated depreciation of $629,953 and $597,214, respectively	`VesselsNet`	$2.66B	USD	Point-in-time
Vessels, net of accumulated depreciation of $629,953 and $597,214, respectively	`VesselsNet`	$2.63B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.27M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.27M	shares	Point-in-time
Deferred drydock, net of accumulated amortization of $9,010 and $8,086, respectively	`DeferredDrydockCostsNet`	$11.91M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $9,010 and $8,086, respectively	`DeferredDrydockCostsNet`	$12.04M	USD	Point-in-time
Other assets, net of accumulated amortization of $14,997 and $13,162, respectively	`DeferredFinanceCostsNoncurrentNet`	$27.73M	USD	Point-in-time
Other assets, net of accumulated amortization of $14,997 and $13,162, respectively	`DeferredFinanceCostsNoncurrentNet`	$29.56M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,539 and $3,311, respectively	`PropertyPlantAndEquipmentNet`	$5.09M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,539 and $3,311, respectively	`PropertyPlantAndEquipmentNet`	$5.26M	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`	$10.15M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$300.00K	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$20.99M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$30.59M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.71B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.74B	USD	Point-in-time
Total assets	`Assets`	$2.80B	USD	Point-in-time
Total assets	`Assets`	$2.84B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.67M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.83M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$1.31B	USD	Point-in-time
Current interest payable	`InterestPayableCurrent`	$13.20M	USD	Point-in-time
Convertible senior note payable	`ConvertibleNotesPayableCurrent`	$112.10M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.32M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.09M	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$614.00K	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$682.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$7.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$13.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.68M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$2.46M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$2.66M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$418.00K	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$286.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$16.05M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$110.92M	USD	Point-in-time
Long-term interest payable	`InterestPayableNoncurrent`	$13.20M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$101.25M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.41B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.56B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$104.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58B	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 44,270,273 shares at March 31, 2013 and December 31, 2012	`CommonStockValue`	$443.00K	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,270,273 shares at March 31, 2013 and December 31, 2012	`CommonStockValue`	$443.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$864.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$863.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.84M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$63.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$214.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$166.23M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$194.91M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$191.37M	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`	$1.22B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.80B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.84B	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`	$39.68M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$810.00K	USD	1 Quarter
Total revenues	`Revenues`	$40.49M	USD	1 Quarter
Total revenues	`Revenues`	$59.84M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$1.27M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$1.41M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$27.83M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$27.12M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.19M	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`	$34.38M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$72.36M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$70.96M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-30.47M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-12.52M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$19.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$155.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.29M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.73M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-21.25M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-23.59M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-36.11M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.73M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$271.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$224.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-36.38M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.79M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.31M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-48.16M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.07M	USD	1 Quarter
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-1.12	USD	1 Quarter
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.87	USD	1 Quarter
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.12	USD	1 Quarter
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.87	USD	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.16M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.09M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.16M	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 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-36.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.38M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.83M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$980.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$132.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$186.00K	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.09M	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.18M	USD	1 Quarter
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-4.00K	USD	1 Quarter
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$27.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.23M	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.65M	USD	1 Quarter
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.45M	USD	1 Quarter
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$427.00K	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.18M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.88M	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.99M	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$89.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-534.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-236.00K	USD	1 Quarter
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$398.00K	USD	1 Quarter
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$125.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-3.97M	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-1.28M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-17.37M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.97M	USD	1 Quarter
Purchase of vessels	`PaymentsToAcquireVessels`	$319.00K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$13.00K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$1.23M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.00K	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
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 dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$2.21M	USD	1 Quarter
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$172.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$147.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.23M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-172.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-17.55M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$18.71M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$246.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.05M	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`	$72.60M	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`	$55.05M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	7.50M	shares	1 Quarter
Forfeiture of shares of nonvested stock	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod`	6,750.00	shares	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.22B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-36.38M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.81M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.75M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.30M	USD	1 Quarter
Issuance of 7,500,000 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$49.87M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.23M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.65M	USD	1 Quarter
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$172.00K	USD	1 Quarter
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$2.21M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.22B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-36.38M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.81M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.75M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.30M	USD	1 Quarter
Other Comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$11.90M	USD	1 Quarter
Other Comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$10.57M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-25.82M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-40.05M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.31M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.79M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-22.50M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-36.26M	USD	1 Quarter

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